The overall intraday trend remains relatively stable, with the entire day mostly oscillating at high levels, and the range being compressed between 82,000 and 81,000. However, in the evening, accompanied by weak consolidation, it began to gradually decline. After the US stock market opened, it plummeted even more sharply, directly breaking through previous retracement lows, with the lowest reaching around 78,713. Ethereum's movement is quite similar to Bitcoin's, forming the same pattern, dropping from the evening high of around 2322 down to about 2233. From the current market situation, this wave of correction seems more like a reversal by the bears, but as we mentioned earlier, a correction is inevitable because prolonged sideways movement must fall. However, this correction is far from a trend reversal; it is simply a common retracement during an upward trend. Tonight, we suggested going long, and after a slight re-entry, we are still holding positions. No need to rush; continue to treat it as a low-buying opportunity.

From the current market view, although the daily chart's middle support line has been broken, it quickly recovered, and the retracement has already stopped at around 78,700, with room for subsequent rebounds. This is not the start of a trend reversal. As the evening star closes, the price tests the upper boundary of the range near 82,500 and pulls back under pressure. It fails to break higher, and the range remains unbroken, with the market closing back at lower levels. The highs and lows are concentrated during the US trading session, characterized by tug-of-war and oscillation. The overall volatility remains large, but it is still operating within the range. The rise and fall on the daily chart are just the accumulation phase for the bulls. The four-hour chart still shows fierce battles between bulls and bears, currently trading near the lower boundary, with the upward trendline support around 78,500. Using the trendline as a dividing point, as long as the retracement does not break below the trendline support, the bullish outlook remains. Conversely, if it breaks below, it will form an adjustment, meaning a space correction, and after the correction, the bulls are expected to push higher again.

In the early morning, Bitcoin directly goes long around 79,000-78,800, aiming for 81,500. Ethereum also goes long around 2,230-2,200, targeting 2,380.