A new week has come again. At midnight yesterday, Bitcoin fell and tested again.

The 62000 mark formed support, and the bulls rebounded again. Bitcoin rebounded to 63118 this morning. Ethereum simultaneously stepped back and tested at midnight yesterday. The price stopped at 2435 and stopped rebounding. It rushed to 2483 this morning and stopped under pressure.

From the perspective of the market pattern, both rises and falls are accompanied by corresponding callbacks and rebounds, and there is no absolute rise or fall. In terms of operation, it is difficult to achieve excessive pursuit of unilateral market conditions. However, seizing the rebound opportunity in the decline is still our main idea for the future. On the four-hour chart, the big cake received support near the middle track of the Bollinger channel, and a bullish rebound occurred. Overall, the big cake still shows a strong trend. The short-term is still in the upward channel. If the 62000 mark is not lost in the small cycle, the bullish trend will not change.

Operation suggestion

Bitcoin can be more near 62500 on Monday morning, and the target is 63500-64000.

Ethereum can be bullish around 2440, with the target at 2500-2550.