This early morning market movement is quite interesting. Bitcoin's price stopped falling around 87,800, then rebounded and consolidated near 88,400. Ethereum followed a similar pattern, finding support around 2,941 before starting to push higher.

In the early hours, long positions were placed around the 87,800 to 87,300 range, and there is now initial profit potential. The entire market is still oscillating within a box, with the four-hour candlestick firmly staying above the middle band of the Bollinger Bands. Although it briefly touched below the middle band, it was quickly pushed back up, indicating that the bulls still have confidence.

From a technical perspective, the short-term outlook remains bullish. Bitcoin continues to build long positions around 87,800 to 87,300, targeting the 89,000 to 90,500 range. Ethereum's rhythm is similar, with long positions placed around 2,950 to 2,930, with a target of 3,030 above.

What the market fears most is not volatility but the lack of direction. Currently, at least the direction is clear; it remains to be seen whether the push higher can be sustained.