Bitcoin's current rebound is quite interesting. On a smaller scale, the key is whether it can effectively break through the 88,000 level, which is the first threshold to open up the rebound space. Once it stabilizes above this level, the next focus will be on the 89,500-90,500 range, which may offer more room for imagination. Conversely, if the rebound fails to hold above 88,000, it might revert to a downtrend. The immediate support levels to watch are 86,700-85,500. If the price dips into this zone, it could be a good opportunity to consider buying on dips.

Now, let's look at Ethereum's trend. After a period of sideways movement, it has started to rebound. In the short term, the key is to break through the 2,965 resistance. If it does, the next testing targets will be around 3,030-3,078. However, if the 4-hour chart cannot push above 2,965, the market may continue to oscillate and decline—first see if 2,890 can hold, and if not, then look towards 2,780-2,730. For long position traders, this range presents a relatively good entry point for building positions.