The overall market trend has pulled back after reaching a high of around 78,300 in the early morning. The market's early movement was driven by both positive news pushing prices higher and a continued breakout structure that gave the bulls strong momentum, which is also a continuation of bullish strength. After a short-term pullback during the day, Bitcoin has now retreated to around 77,000 for consolidation, which is a typical strong pullback and consolidation pattern. Ethereum's movement is consistent with Bitcoin's, pulling back to the 2,400 level and facing resistance, with the low point of the pullback aligning perfectly with our entry points.

Looking at the current chart, from a daily perspective, the consecutive bullish days pushing higher suggest an upward breakout zone. Yesterday's rally also pushed indicators into overbought territory, and after a daily overbought condition, a certain phase of correction is often expected. The daily close again near the 120-day moving average, and if the price cannot stabilize above this level, a phase of correction may follow. Currently, the market is in a strong recovery stage, so maintain a bullish outlook. On the four-hour chart, after breaking above the upper band, the trend turned bearish for a correction. The KDJ indicator has formed a death cross and entered a retracement phase. However, with weekend trading volume sluggish, the overall movement is more about time trading space to digest the bearish volume increase caused by the death cross. In such a strong market, staying above the middle band keeps the bullish structure intact. For trading, focus on short-term positions over the weekend.

In the short term, Bitcoin is expected to range between 76,800 and 78,000, with a focus on consolidation. Near 77,800, consider entering light short positions, observing daily signals for adjustments, and watching for a pullback around 75,000. For Ethereum, short-term targets are between 2,390 and 2,430. Consider entering light short positions near 2,430 to catch structural adjustments, with support levels at 2,380 and 2,330.