Midnight Bitcoin retraces to test the 77,000 level, quickly stabilizing after a false break and rebounding. The highest point in the morning reached around 78,300, indicating over 1,000 points of upward space; Ethereum moves in sync, capturing over 50 points of volatility. Previously, the strategy was to focus on long positions around key support levels, which has now all been fulfilled as expected.

Currently, Bitcoin has rebounded after testing the bottom and returned to the upper end of yesterday’s range. 77,000 is the short-term key dividing line between bulls and bears; a valid break below would target 74,700, otherwise it is merely a technical correction within the upward trend. The subsequent continuation of the rebound is expected, with four-hour K-line charts repeatedly showing long lower shadows, and strong buying support below. The bears are unable to push prices down with volume, indicating insufficient continuation; the hourly oscillation center is gradually moving higher, and the rebound correction remains in play. The overall outlook remains unchanged: continue to be bullish.

Bitcoin retraced around 77,300-76,800, with a target of 79,500-81,300.
Ethereum retraced around 2,290-2,260, with a target of 2,400-2,500.