This round of market action saw a brief pullback. After a continuous rally, it’s a technical correction: the dip absorbs profit-taking, clears out positions, and builds up strength for the next leg up. On the smaller time-frame chart, price has stopped falling and stabilized at a key support level; moving averages and oscillators show signs of repair. The bottom formation on the smaller time-frame is gradually taking shape, and the short-term down-move is basically over.

On the news front, positive developments continue, providing fundamental support for the “bulldozer” trend at a larger scale. The comparison of “bulldozer” versus counterforce on the overall market is stark: the “bulldozer” dominates the market. The pullback is only a continuation of the uptrend, with no conditions for a trend reversal “counterforce.”

With both technical support at the base and fundamental backing, the “bulldozer” momentum is sufficient, and the upward trend has strong continuity. Looking ahead, the market is expected to challenge the stage high and break into a new round of surge.

BTC pullback around 66,000-65,300; upside target 66,800-68,000

ETH pullback around 1,770-1,730; upside target 1,800-1,880