From midnight to early morning, the market was almost unmoving, and the overall trend can be described with four characters as "sideways instead of decline." After the price surged higher, it did not give much room for retracement, mainly consolidating sideways to replace a pullback. Last night, Bitcoin oscillated upward from around 78,128, repeatedly breaking through the 80,000 level, reaching a high of 80,771, but faced resistance from above. Although the bulls did not continue to increase volume to push higher, there was no deep correction either, which is exactly what we call "sideways instead of decline"—using sideways movement to replace that wave of pullback. Ethereum's trend is very similar, with the overall rhythm highly consistent with Bitcoin, both showing sideways correction under high pressure. From the current structure, although there is resistance at high levels, it does not affect the subsequent upward momentum, and this morning's operation continues with a low-buying strategy.

From the current market observation, Bitcoin remains in an overall upward structure, and there has not been a sustained downward trend. The short-term oscillation pattern is expected to continue. The daily K-line closed higher again, holding onto key levels while breaking through recent highs; after the rally, there was no significant retracement, and the price remains high, consolidating sideways. This is what we previously referred to as the time correction phase. The 4-hour continuous bullish structure shows signs of continuation, with minor retracements almost negligible. The current price has regained the upper band, showing a pattern of sideways correction while gradually rising step by step. Overall, the retracement momentum is insufficient, with no volume-driven decline, no large or long bearish candles, and each pullback is followed by a rebound, indicating that the bears' retracement strength is not enough to reverse the current strong trend. It mainly acts as a delay and correction for the upward movement.

In the early session, for Bitcoin, pay attention to the key support around 78,200-78,700. Long positions can try small positions around 79,000-79,500.