The early morning market continues to move in a volatile pattern. Bitcoin has stabilized near the 70,200 level since rebounding on Saturday, with the overall ratio showing a recovery trend and the oscillation range shifting upward accordingly. The second rebound bounce in the early morning broke through the 72,000 level to a certain extent, with the market still in a strong phase. Ethereum is moving in line with Bitcoin, pulling back from the 2,150 level during the early morning rebound, currently oscillating and consolidating near 2,150.

From the one-hour chart perspective, Bitcoin is in the extension phase of an uptrend following the breakout. Strengthening again in the morning, it has currently recovered to the 72,000 level once more. The bull pattern of continuously higher lows and moving higher highs remains intact. The MACD fast and slow lines formed a golden cross above the zero axis and continue to diverge upward, with red column momentum showing mild volume expansion, indicating that bull power is dominant. The Bollinger Bands opening is slightly expanding, with price trading along the upper band, showing short-term strength. Although the KDJ indicator is at high levels, it has not formed a bearish divergence, indicating short-term upside momentum remains. The 71,200 area below has transitioned from resistance to support and has been tested multiple times with confirmation of effectiveness. As long as this level is not broken, the uptrend structure will not be damaged. Around 72,600 above is the short-term resistance zone, but after the weekend consolidation, there remains room for volume breakout, with prices likely to further test the 73,000 level.

Bitcoin can go long at 71,000-71,500, targeting around 72,600 for breakout and extending to 74,000. Ethereum can go long near 2,150, targeting around 2,200.