The market experienced a rapid sharp decline in the early hours, with Bitcoin and Ethereum respectively dropping to around 59,800 and 1,730, key support levels, followed by a quick rebound. This deep correction with long lower shadows typically indicates that the bearish momentum is being released, the key support zones are initially validated, and the market has entered an oversold technical zone, creating conditions for a bullish counterattack.

From a technical perspective, this correction is positive: firstly, the price precisely retested the weekly support level and quickly rebounded, showing strong institutional buying interest in the value zone; secondly, indicators like the hourly RSI entered severely oversold territory, indicating a strong rebound and correction demand; more importantly, this deep correction effectively cleaned out excessive leverage in the market, clearing obstacles for subsequent healthy upward movement.

The market is expected to enter a consolidation phase. Bulls should defend the core levels at around 59,500 for BTC and 1,700 for ETH. As long as the daily chart can hold these levels, there is potential to gradually test resistance levels such as 65,500 (BTC) and 1,850 (ETH). Investors should watch whether the price can form a "double bottom" structure at the support zone, consider a phased deployment strategy, strictly control position sizes, and seize oversold rebound opportunities. #当前行情抄底还是观望？ $BTC