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The overall market is currently consolidating at high levels, with short-term technical indicators showing slight overbought signals. The market is experiencing a phased pause to digest and absorb profit-taking demand.
Key structural support is at the lower range (71,000-71,500), which is an important defensive position for the market. As long as this zone is not broken, the trend pattern will not easily shift.
On the daily chart, the previous large bullish candlestick has a full body and good volume, indicating a solid mid-term trend. The upward logic remains unchanged.
There is no need to chase the high; wait for a pullback to accumulate strength and confirm stabilization. Then, seize the opportunity for a secondary surge, following the trend steadily.
BTC retraced near 71,500-70,800, with an upward target of 72,500-74,800.
ETH retraced near 2,170-2,130, with an upward target of 2,220-2,280.