From a four-hour timeframe, the overall upward trend has not been completely broken, and the current price of 76,800 is in a phase of consolidation after a temporary pullback.

The price has short-term declined and broken below the 15-period EMA but remains above the medium-term moving average; the middle band of the Bollinger Bands is trending flatter, and the market is oscillating around the middle band. Technically, the MACD has already formed a death cross, with the green bars continuing to expand and volume increasing, indicating that short-term bearish forces are dominating the market.

Relying on the long-term bullish structure of the larger cycle, operate in line with the trend, strictly control stop-losses, and focus on quick entries and exits.

Long position setup: Enter on pullbacks to the 76,300-76,500 range, with good short-term stop-loss protection, targeting 77,600-78,500 above.

Short position setup: Enter on rebounds at the 78,800-78,500 resistance zone, with strict short-term stop-loss protection, targeting 56,800-76,000 below.