As U.S. stocks opened lower, Bitcoin initially surged briefly to 72,800 before stalling, then entered a one-sided decline, dropping to around 70,700, with a total decline of over 2,000 points. Ethereum followed the trend of Bitcoin, falling from around 2,160 to approximately 2,055. Currently, Bitcoin's price has rebounded to 71,400, while Ethereum has also recovered to around 2,088. Although this sharp decline was swift, it also serves as a critical test of the trend's strength.

The current market shows clear signs of stabilization. After bottoming out around 70,700, Bitcoin quickly rebounded, with hourly candles consecutively closing higher, forming a V-shaped reversal pattern. This level is not only near a previous high-volume trading zone but also within the daily MA60 moving average area, providing strong technical support. Ethereum found support around 2,055, which coincides with the lower boundary of the 4-hour ascending channel. Meanwhile, the MACD indicator shows a bullish divergence below the zero line, with green momentum bars beginning to shrink, and the KDJ indicator has formed a golden cross in oversold territory, indicating short-term bullish momentum is building.

Trading strategy suggests focusing on support zones for long positions: for Bitcoin, consider entering multiple buy orders around 71,000-71,300, with a stop-loss below 70,500, targeting 72,200 first, and if broken, holding for 72,800. For Ethereum, consider entering in batches around 2,080-2,090, with a stop-loss below 2,050, targeting 2,130, and if broken, holding for 2,160. Do not chase shorts during rapid declines; the key to trend trading is having the courage to support key support levels. #GateforAI重磅上线 $BTC