Reviewing the intraday market, the price surged sharply in the early session, with Bitcoin volume increasing. It briefly rose to around 80,500 before facing resistance and pulling back. The intraday also saw some correction, with a downward spike and a retest near 78,200, which was clearly resisted and then rebounded. In the evening, after a battle between bulls and bears, the bulls ultimately took control with increased volume, pushing higher. Although currently facing resistance at 80,500, the bullish strength is fully demonstrated, and there is a stronger intention to stabilize above the 80k level. As for Ethereum, the intraday trend was relatively weak, initially rising to around 2,400 before facing resistance and pulling back. Later in the evening, it climbed to around 2,380 before encountering resistance again. Moving forward, attention should still be paid to the catch-up rally to gauge the strength of the bulls and bears. Our intraday trading plan involved participation from both long and short sides, with precise strategies based on key support and resistance levels. Bitcoin gained a total of 4,500 points intraday, while Ethereum gained 135 points.

The daily chart structure shifted from three consecutive bullish candles to a doji after a consolidation phase. Today, a large bullish candle surged higher again. Recent retests have basically confirmed the 78,000 level as a key support. The rebound and rally are ongoing. Although the current recovery still faces some resistance, the downside adjustment momentum is weak. As long as the 78,000 level is not broken, the overall market remains dominated by the bulls. The 4-hour chart shows a strong consolidation phase with bullish engulfing patterns. Despite two large bearish candles during the pullback, the recovery shows that the market can go up as easily as it goes down. Such a market is still largely bullish, with indicators showing a healthy correction after being overbought today. Further price increases will vividly demonstrate the bullish strength. The future market remains bullish, and the strategy should focus on buying on dips.

In terms of trading strategy, as the price is in an upward channel, the lows will gradually rise. Although the current support structure is near 78,000, with the lows moving higher, the support level for consolidation has shifted to around 79,000–79,500 for light long positions. Keep an eye on the 80,500–81,000 range above, and if broken, continue to watch for a larger correction towards 83,000. Ethereum still has room for a catch-up rally, with a target range of 2,320–2,350, and attention should be paid to a potential continuation towards 2,450 after breaking through 2,400.