Midnight market retraced to the 77,000 level and then experienced a recovery rebound, with the price rising to around 78,100 before encountering resistance and falling back. Currently, it is oscillating and consolidating around the 77,600 range, and yesterday’s low-position long positions were also successfully realized for profit.

The market remains in a technical repair phase, with last night’s retracement fully releasing short-term selling pressure. The rebound trend confirms that the short-term bullish structure remains intact. The four-hour Bollinger Bands are trending upward overall, with the middle band support being tested multiple times, and the support strength remains solid. The 78,000 level is a key resistance point; before a successful breakthrough and stabilization, the market is likely to pull back and gather strength. Intraday, the bullish outlook is maintained, and it’s advisable to buy on dips.

Bitcoin retraced near 77,000-76,500, with an upward target of 78,800-79,500.
Ethereum retraced near 2,120-2,090, with an upward target of 2,200-2,300.