#BTC 2.3 Afternoon Latest Bitcoin and Ethereum Market Analysis and Trading Suggestions

Although the market is still in the recovery phase, we should pay more attention to the positive factors accumulated during the adjustment. After the previous correction, prices have stabilized around key support levels and are showing a gradually shifting trading focus upward. While the current rebound pace is gentle, the chips have been thoroughly exchanged in this range, laying a foundation for subsequent momentum recovery. From a technical perspective, prices are orderly consolidating below the previous resistance zone, forming a buildup platform, and showing a transition from weakness to stability. The supporting strength below remains resilient through repeated tests, and selling pressure is being continuously absorbed. Market sentiment is shifting from cautiousness to stability.

The current consolidation can be seen as a healthy process of rebalancing between bulls and bears. Over time, key technical indicators have shown signs of recovery. Although an explicit reversal trend has not yet formed, the downward momentum has significantly weakened, and some leading indicators are already showing divergence signals. If trading volume can gradually increase alongside this, the market is likely to gradually break free from moving average resistance and open up space for a recovery rally.

At this stage, it is advisable to maintain strategic patience, focus on accumulating high-quality chips at low levels, and wait for the market to complete its bottoming process before a new trend becomes clearer. The pre-dawn consolidation phase often provides an important window for the next round of market positioning.

In the afternoon, Bitcoin can be bought around 78,000, with a target of 80,000.
In the afternoon, Ethereum can be bought around 2,300, with a target of 2,400.