The recent market action is really impressive. This past Friday it dropped, and by the evening it immediately bounced back to the original level. The volatility is genuinely exciting~ It feels like the crypto market will get lively in the second half of the year; otherwise, if it stays depressed for longer, everyone will lose interest. You can see the pullback at the 62,800 area: the open interest shrank in sync, indicating that the decline was only longs taking a small profit—there was no fresh short-position dumping. After it returned to 64,000, open interest rose again, showing a clear, proactive willingness from funds to open long positions. The daily chart’s consolidation has also finished gathering momentum, and a second-round long rally looks close. On the 4-hour chart, the upward oscillation channel is intact; during the pullback, the midline of the channel confirmed support. The long-side structure in terms of both price and volume is healthy: the rally is accompanied by expanding volume, while pullbacks come with shrinking volume. 65,000 is the key near-term pressure zone for a breakout. The 1-hour short-term indicators have also been fully repaired; the short-term moving averages are aligned bullishly, and there is strong support below. After the consolidation ends, the long-side rally is set to restart. So next, 63,000 will be the lifeline for this leg of the uptrend—every time the market retraces back to this area, it becomes a low-buy opportunity.