Currently, the rhythm is basically consistent with the previous days, and the pattern is also somewhat similar. After each rally and pullback, the market generally falls into a state of oscillation and consolidation. However, today’s pattern has shifted from the previous sideways downward consolidation to sideways upward consolidation. No matter how it changes, we still maintain a bullish outlook. Currently, it is also operating within a narrow range of oscillation. Although the space for further expansion has not increased, the high-level consolidation and correction have limited the retracement space. This type of consolidation replaces a pullback, still indicating a strong bullish consolidation trend. In the short term, it is also in a preparatory phase, with the potential for further upward attempts to reach higher levels.

From the current market chart, the daily level still remains above the middle band, and the short-term decline is being gradually recovered by the bulls. As the recovery progresses, the retracement strength is also gradually diminishing. Although it is operating within a narrow range of oscillation in the short term, the overall direction remains bullish. Recent upward movements have faced some resistance and pulled back, but short-term support below still exists. Currently, the price is operating above the middle band of the Bollinger Bands, showing signs of upward continuation, combined with the upward movement of the lows. The 4-hour chart shows a bullish consolidation waiting for further upward movement, with a tug-of-war within the current range. The strength of the bulls and bears is not very strong; from the lower band rebounding near the middle band, there is potential for a continued upward breakout in the short term. Structurally, it tends to move in a rebound pattern.

In the afternoon, Bitcoin is directly bullish around 80,800-80,600, aiming for 82,500. Ethereum is directly bullish around 2,280-2,260, aiming for 2,400.