Morning Thoughts

In the early morning, Bitcoin broke out from the bottoming pattern and rebounded. The low dipped to around 76,900. Ethereum also retraced back to the 2,280 level. At present, Bitcoin has already recovered to above 78,000. Although the rebound momentum is a bit weak, it has also risen to around 2,630. The early-morning target near 77,500 was delivered and achieved smoothly again, confirming the outlook. Looking back at yesterday’s overall setup, there were three buy-the-dip (long) operations in total. One of the trades encountered a spike and was swept out after a 300-point drop or more; the other two buys all successfully exited at the target for nearly 2,000 points of gains. Structurally, the overnight bottoming-and-rebound has not changed the overall pattern. The lower-area support has basically stopped falling and stabilized, and the downward correction is gradually coming to an end. For the next step, the outlook remains the same: keep following with low buy-the-dip (long) entries.

From the weekly level, the overall outlook still does not need major adjustments. The market has consistently maintained a strong streak of consecutive bullish sessions. At the current stage, the board is undergoing back-and-forth consolidation and oscillation. Placed within a larger market structure, this is essentially the correction and buildup phase for the bullish trend. Even if there is a pullback, it does not change the overall upward trend. While the daily chart and smaller timeframes are oscillating and fluctuating, they are still normal retracement corrections after a rally, and the retracement lows are being lifted progressively. The market’s pace of recovery is also relatively fast. Therefore, when the next pullback comes, you can still follow it and buy the dip first, keeping the short- to mid-term rally outlook unchanged.

Trading Suggestions
Buy directly at Bitcoin 77,800–77,300, targeting 79,500–80,000
Buy directly near Ethereum 2,300, targeting above 2,400