Early morning phase, Bitcoin hovered around the 770,000 level, completing a pullback confirmation and gradually stabilizing. Multiple dips in the consolidation zone did not break below this area, forming clear support. Subsequently, the market began to oscillate and rise, with the center of gravity continuously moving upward and gradually approaching the 78,000 level; Ethereum also confirmed in the 2390-2400 range before starting to ascend, with the high point reaching near 2460. Overall, this upward movement was not driven by emotion but was a structural rise based on effective support. After entering the white consolidation phase, upward momentum began to weaken, with Bitcoin repeatedly encountering resistance below 78,000, causing the market to fall back to around 77,000 for repeated consolidation. Ethereum, on the other hand, retreated from 2460 to around 2420 for oscillation, with the market gradually shifting from active upward movement to digestion at high levels. The market does not move in a single step; truly stable trends are often gradually formed through repeated confirmation and oscillation. Patience is more important than judgment.

From the current market structure, on the 4-hour timeframe, Bitcoin is still in a consolidation phase within an upward structure, with the pattern of higher lows remaining intact. The pullback has not touched critical support levels, and overall, it still belongs to a strong consolidation category. The key resistance above is in the 77,600-77,900 range, which has seen multiple short-term attempts to break higher but failed, and is also an area with relatively concentrated bullish and bearish divergence. Once a valid breakout occurs, the market may continue its upward trend. Support below is at 77,000, followed by around 76,700, which has been tested multiple times recently. As long as there is no effective breakdown, the structure remains bullish. For Ethereum, the 4-hour chart also shows a strong consolidation, with resistance above at 2445-2465, and support at 2415 and 2390 levels. Overall, the larger cycle structure has not changed; the current pullback is mainly a correction of the previous rally. No signs of weakening have appeared, and the trading strategy remains bullish, prioritizing continuation after pullback support rather than blindly chasing gains or cutting losses in oscillation. #山寨币强势反弹 $BTC