One night passed, and the “big cake” (BTC) didn’t deliver much in the way of ups and downs. The entire trading session maintained a narrow-range, choppy consolidation pattern. Around midnight, there was a rapid intraday push-in; after the low probed down to the 76400 area, it quickly reclaimed the ground it had lost, completing a standard bottoming-and-rebound move. Afterwards, the order book stabilized and entered a range-bound repair phase. Currently, the “big cake” is oscillating above the 77000 key level.

From the current order book, the trend structure dominated by the “big cake” remains solid. In our midnight strategy, we already stated clearly that this pullback in the current round is, in essence, a confirmation of the effectiveness of the support below, while also completing a concentrated release of “bubbles” (market sentiment). It is not a trend-reversal signal. As of now, the overall market performance is still largely in line with our expectations. On the hourly timeframe, the price has formed a consecutive up-move stretch with one small bearish candle used for adjustment, having already recovered most of the lost ground. The fast and slow lines have turned upward from their low positions, and a golden cross is about to form; the need for technical recovery is clear. After this round of healthy pullback and correction, the subsequent rally and breakout will be more healthy, continuous, and coherent. The core support at the 76500 area has completed a second pullback confirmation; its effectiveness remains solid. In the early stage, our bullish view remains unchanged. $BTC #比特币突破7.9万美元 #以太坊基金会解质押约4890万美元ETH ‌$ETH ‌