This wave bottom has already been established. Looking at the recent market rhythm, the downward momentum has significantly weakened, and the signs of a rebound are becoming clearer.

Last night's movement was actually quite typical — after Bitcoin surged to around 91700, it immediately faced resistance and pulled back, falling to around 90000. Then it entered a phase of repeated bottoming out, with small fluctuations and oscillations. But the key point is that this bottoming process has been thorough, and the bottom structure is basically formed.

From the hourly chart, the bearish downward energy has already been significantly exhausted. The volume increase phase has also completed, and now the candlestick pattern shows continuous upward movement, constantly challenging the middle band of the Bollinger Bands. The rebound momentum has indeed picked up, and this is not false.

For those who followed long positions around 90700, now is the time to hold patiently, as the subsequent rebound trend is about to unfold. If you haven't entered yet, you can wait for a pullback or buy on dips.

Specific strategy: go long near 90500 for Bitcoin, with a target of 92000; go long near 3080 for Ethereum, with a target of 3150. After confirming the bottom, such rebounds often have strength, and the key is to grasp the rhythm.