From midnight to early morning, Bitcoin relied on the strong support at the 78,000 level to stabilize and support subsequent strength, then started a rapid rally, with the bulls continuing to strengthen the momentum. Although there was a brief pullback to digest gains, it did not touch the key moving average support below, maintaining a healthy oscillating upward structure overall. After reaching a high in the early morning, the upward momentum slowed down, and the market shifted into a correction phase, but the pullback was weak, and the short-term support at 78,500 was not effectively broken. Currently, the overall pattern remains in a high-level sideways consolidation. Ethereum's movement is highly synchronized with Bitcoin; after stabilizing above the 2,300 level, it steadily strengthened, with the market continuing to oscillate and rise. It briefly surged to around 2,356 in the morning before facing resistance and pulling back, following the market into a technical correction with limited downside space. It is now fluctuating around the 2,320 range.
Looking at the market structure, Bitcoin’s 4-hour trend remains intact with an overall upward trend, but short-term bullish momentum continues to weaken, and the short-cycle trend is gradually turning weaker. The 79,500-80,000 range is the current key resistance zone, which has been repeatedly tested but not broken through, forming an effective barrier. The key support below is first seen at 76,500; if this support is broken, the market will exit the high-level consolidation zone and enter a phase of correction, with the next downside target around 74,000. Based on the small-cycle rhythm analysis, the 1-hour timeframe shows a downward-moving high point pattern, with bearish forces continuously releasing, clearly showing weakness. The trading strategy is straightforward: do not blindly chase longs in the current market; overall, a bearish bias is preferred. The current phase favors short positions against the trend, patiently waiting for the price to pull back below the short-term support at 78,000 before opportunistically adding long positions at lower levels. The market is currently in a high-level battle between bulls and bears, so following the correction trend is more stable and reliable than going against the trend at high levels.
Trading suggestions:
On Monday morning, consider shorting Bitcoin near 78,600-78,800, with a target around 77,500.
For Ethereum, short near 2,340-2,360, with the initial target at 2,200.
