Early morning market trends show that after declining last night, the price has been fluctuating at low levels. Although there was a brief rebound, it has not stabilized above key moving averages, showing a pattern of oscillating downward. After touching a low of around 79,531, the decline temporarily paused, then entered a recovery phase. The market rebounded to above 79,800 but with limited strength. Multiple attempts to break through the 79,800-80,300 range overnight failed to produce a significant breakthrough, and this morning the market remained in a narrow consolidation pattern. Ethereum's movement is largely synchronized, dropping quickly from the high near 2,345, with multiple failed rebounds during the session. The lowest point overnight was around 2,278, then following the overall market, it oscillated and recovered. Currently, it is trading sideways around 2,285. The market repeats daily, but what truly makes a difference is not how well you understand, but whether you dare to execute your judgment at key levels.

From the current market structure perspective, the daily chart remains in a high-level consolidation phase. After a pullback yesterday, there was no continuation of the upward move, indicating persistent selling pressure above and difficulty in breaking through in the short term. The 4-hour chart is more meaningful; the market is forming a downward oscillating channel at high levels, with highs gradually decreasing, and rebound momentum weakening. Overall, it leans toward a weak consolidation pattern. The key resistance above Bitcoin is around 83,000, which acts as a short-term dividing line between bulls and bears. Below, the support zone is around 78,000. If broken, the market could continue to decline further. On the 1-hour chart, although there is some short-term pullback, it is mainly a correction within an upward trend. The high-level oscillation remains bullish in nature, and the focus remains on buying opportunities.

On Friday morning, Bitcoin is around 79,700-79,500, with a bullish target of 81,500.
Ethereum is around 2,265-2,245, with a bullish target of 2,380.