Morning Thoughts

In the early hours, Bitcoin moved out of its bottoming structure and rebounded, with the low dipping to around 76,900. Ethereum also retraced, pulling back to the 2,280 level. At present, Bitcoin has already reclaimed above 78,000. Although the rebound momentum is relatively weak, it has also risen back to around 2,630. The early-morning target around 77,500 was provided again, suggesting the same "dodo" approach should be able to be fulfilled smoothly once more. Looking back on yesterday’s overall setup, there were three "dodo" operations in total. One of the trades encountered a spike that swept out a “needle” and cleared “sweeping bamboo,” taking out more than 300 points beyond the stop. The other two "dodo" trades all successfully stopped in profit, for a cumulative gain of nearly 2,000 points. From a structural perspective, the midnight bottoming and rebound did not change the overall structure of the market. The lower low area has basically stopped falling, and the downward correction is gradually coming to an end. For the next steps, the plan remains to continue following the low "dodo" entries.

　　From the weekly timeframe level, the overall outlook still doesn’t require any major adjustments. Market sentiment has consistently held a strong streak of consecutive bullish days. At this stage, the market is undergoing back-and-forth range oscillation on the board. Placed within the context of a larger market move, this is essentially a correction-and-accumulation phase for the “head” pattern. Even if a pullback occurs, it still cannot change the overall upward trend. The daily chart and smaller cycles may oscillate repeatedly, but they are still normal pullback corrections after a push higher. Moreover, the pullback lows are continuously making higher levels, and the market is recovering at a relatively fast pace. Therefore, after the next pullbacks, you can still follow the retracement to make "dodo" entries first, and the short- to medium-term rally-following mindset remains unchanged.

　　Trading Suggestions
　　Buy Bitcoin at 77,800–77,300 directly with "dodo"; target 79,500–80,000
　　Buy Ethereum around 2,300 directly with "dodo"; target above 2,400