From the order book view, the four-hour cycle shows alternating bullish and bearish signals, with consolidation and a pullback, but the selling volume is insufficient. The coin price remains close to the middle band of the Bollinger Bands, indicating a repair trend that trades sideways instead of a full reversal with a blow-off top; the downside room is limited.

Although the hourly line is under pressure in a weak trend and drifting slightly lower, it lacks follow-through. There is no clear one-way signal overall, and the market is still in a pattern of range-bound washouts.

In summary, the short-term weakness is only for repair. The head structure is intact. It is recommended to do “shuo” primarily on pullbacks.

BTC pulls back around 77,200-76,600; look upward at 78,000-79,000.

ETH pulls back around 2,300-2,260; look upward at 2,340-2,420.