The market is currently entering a weak phase. Whether it’s bulls or bears, there’s a lack of effective follow-through, and in the short term it’s still moving in a range-bound, oscillating pattern. However, no matter how weak things get, the overall trend momentum toward breaking out is unchanged. So this morning, we already reminded everyone to look for longs on pullbacks. After the pullback yesterday stalled near the lows, the overall price action has been showing a bullish rebound and recovery. But at the moment, the overall room for price movement is relatively compressed. In the afternoon, after a direct spike that pushed to the high and touched 77432, the longs near 76200 were once again secured for a gain of over 1,000 points. The same applies to Ethereum as well—it basically reached the corresponding levels too. This is all about making follow-up positioning by tracking the structure and pattern. When obvious weakness shifts into a correction phase, it’s better to be more conservative with follow-ups rather than chasing longs at any random price level. There aren’t many clear technical points to expand on, so we won’t miss repeating what matters.

From a technical perspective, the market is currently showing a continuous sideways consolidation at low levels. After probing down near 75600, the bulls provided some rebound space and once again moved above the 77000 area. The support at the lower end has already started to play a certain role, so bulls still have room ahead. The daily chart’s consecutive red-candle pattern has not broken down, so the bullish rebound is also within expectations—an inevitable rebound driven by the trend structure. As we mentioned earlier, in the current market, a pullback is a “long” signal; if there isn’t a pullback, then the short-term continuation of the uptrend is still something to watch for. On the four-hour chart, it directly surged to the middle rail, and going forward the trend is still quite clear. In the short term, price may come with some corrective pullback along the way, but the correction is not a reversal. Instead, the correction is to set up a better push higher—building energy for the bulls so they can launch a new wave of impact.

In the afternoon, Bitcoin will go directly long around 76700-76500 on the pullback, with a target of 78000. Ethereum will go directly long around 2300-2280, with a target of 2400.