The current market is moving relatively slowly, with Bitcoin testing the 75,600 level early in the morning, then finding support and strengthening. It has now reached around 76,633. The bullish strategy given earlier was perfectly validated, as there was a 1,000-point room to the upside from the lower levels. Ethereum, after rising in the morning, did not continue to surge like Bitcoin; it experienced a brief spike and then a slight pullback. It is still in a consolidation zone. However, the bullish call made in the early hours was perfectly executed, capturing 40 points.

Although the overall trend currently lacks strong continuation for both bulls and bears, the larger structure remains in a sideways upward recovery phase. The 4-hour chart is temporarily oscillating between the middle and lower bands, also supported by the upward trendline. As long as the trendline is not broken, the 4-hour structure remains bullish for now. Whether it can break through the short-term high is key to the continuation of the space; if not, the range-bound tug-of-war will persist. Short-term support is concentrated around 75,500 to 73,500, the previous retracement lows, with slightly converging space, leading to oscillations back and forth in the short term. Trading should be approached as a range contraction and oscillation. If the high is not broken after prolonged consolidation, a short-term pullback to confirm support is possible.

At midday, Bitcoin is trading around 76,300-76,000, with a target of 77,800. Ethereum is trading around 2,270-2,250, with a target of 2,400.