Why is it so precise? Is the saying "rise then rebound" the confidence that the trend gives me? Bitcoin rebounded after midday, rising all the way up, with a large bullish candle directly pushing near 77,000. It then faced resistance and retraced, oscillating around 76,100, continuing to rise. This rhythm clearly shows a wave pattern, with each step breaking new highs, and each high break accompanied by slight retracements for correction. Our previous arrangements also yielded full gains in this round of market movement. Still, as the saying goes, to survive long in the crypto world, you need to identify the trend, grasp the rhythm, and boldly strike — only then can you succeed!

From the overall structure perspective, the hourly trend has formed a V-shaped reversal pattern. There is a significant strong resistance around 78,300 above. In the short term, the price still has some room for a pullback. Although the overall upward structure remains unchanged, and the price is still operating within the upward channel, the current retracement has not fully reached its extent. It is recommended to wait for the pullback to stabilize before continuing to maintain a bullish outlook. Use the four-hour upper trend line as resistance reference, with the target for the second rebound around 78,000. Follow the trend structure accordingly; after stabilization, consider deploying long positions.

Tuesday night Bitcoin: go long around 76,000, target near 78,000

Tuesday night Ethereum: go long around 2,300, target near 2,400