Yesterday, Bitcoin closely tracked the 770 line throughout, with the bias staying bullish. After the price pushed higher, it fell into high-range sideways consolidation. At present, the overall market is in a volume-contraction consolidation structure; it’s not that bullish momentum is lacking. Rather, the main force is taking the opportunity to flush out excess positioning in the market while quietly accumulating at lower levels. Judging by the broader trend, the market’s lows are steadily rising, with support levels being built up layer by layer from below, and the primary bullish trend remains completely unchanged. The current range-bound fluctuation is simply using time to gain space—building up energy and brewing a fresh round of upside rally. In the outlook, there is still plenty of room for upward movement, and the overall bullish structure remains stable and favorable.