After the weekend adjustments, the market is still in an extremely tight range of fluctuations. The overall price has repeatedly tried to break above the 78,000 level around the 78,000 line, but still hasn’t succeeded, and it has instead come into a rebound test of the previous high. Yesterday, around this area, the “do” orders were filled with a bit of small room and the positions were withdrawn/closed.

Right now, this strong bullish move that has broken recent highs is also relatively smooth, clearing the 8W threshold. In the four-hour time frame, all moving averages remain in a standard bullish alignment, and price has held above the key moving averages. The large-period structure hasn’t been damaged, but on the smaller time frame there is pressure for a pullback and a bearish divergence signal. In the short term, you can first wait for a pullback around 78500-79200 to “do” and then look for entries near 81000-82000.