In yesterday's market, we saw the continuous decline in the price of the currency. Although there was a rebound, the strength was not significant. The market has been on a downward trend all the way, reaching near 26520 in the early morning. The market movement did exceed expectations, but it is still within a reasonable range. We still expect a rebound during the day. Nothing can go smoothly, and of course, the market cannot keep rising as expected. It needs to test and struggle several times before it can establish a stronger bottom support.

Looking at the current market, the recent correlation between Ethereum and Bitcoin is not very strong. Although Bitcoin broke through yesterday, Ethereum remained within a wide range of fluctuations. Therefore, there is still a certain chance for the bulls. As long as Ethereum can stabilize near 1540, it will also drive the extension of Bitcoin. Looking at the hourly chart of Bitcoin, the Bollinger Bands are not continuing to expand downward. We can see signs of the lower band turning upward, and the market has seen a small rebound. The short-term correction has been completed, and we expect a rebound in the day.

Bitcoin: Long 26750-26650, Target near 27500 Ethereum: Long 1555-1545, Target near 1610

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