After the market opened, the price tested below 91,000 but did not continue to drop; instead, it was quickly absorbed. The buying pressure at the low levels was strong, and then it steadily moved upward, forming a bottom rebound. Looking at the hourly chart, four consecutive bullish candles have appeared, and the previous decline has been largely recovered. The bullish momentum is clearly warming up, and this bottom formation is quite clear.

However, it should also be noted that there are many long shadows on the candlesticks, indicating that both bulls and bears are still tugging back and forth in this key zone. But the technical indicators are quite clear—the three lines of KDJ are accelerating upward and beginning to diverge, the MACD has turned from negative to positive, and a golden cross is brewing. Overall, the short-term rebound structure is taking shape, and the continuation of the upward move is basically a matter of time.

Trading ideas: For BTC, wait for a pullback to the 90,800-91,400 range to look for long opportunities, with the target above at 93,000. For ETH, you can start building long positions around 3,130-3,150, with the target for the rebound around 3,250.