From early morning to dawn, the market has not experienced significant volatility, mostly moving sideways as we previously mentioned, with multiple surges and pullbacks before rising again. The pattern is somewhat similar to yesterday, with a dip back to the 81,000 level in the early hours, followed by a rebound in the morning that broke through and refreshed recent highs around 81,745. During this period, the pullback was weak, and the structure remained upward. Bitcoin repeatedly consolidated above 81,000 before continuing higher, then entering a high-level oscillation. Ethereum's movement was largely synchronized, falling back to around 2,358 to stop the decline, then oscillating upward. After a rally in the morning that broke through 2,380, it entered a sideways consolidation, testing above 2,380 before pulling back. Overall, it also shows a pattern of first pulling back, then rising, and finally consolidating at high levels.

Bitcoin's daily chart shows five consecutive strong bullish candles closing higher. After a long period of strong upward movement, the price remains at high levels. The previous volume-driven breakout to new highs also saw the price firmly above the 81,000 mark. It has reclaimed the previous losses, and the weekly trend remains strong. On the daily chart, after continuous bullish candles, it is now in a correction phase, with a medium-sized bullish candle continuing the upward trend, maintaining a bullish outlook. The strong consecutive candles indicate strength, with the previous low of 78,000 serving as a key support level for the bulls this week. The short-term trend is expected to continue upward, and if there is no downside breakdown, the next target is likely to challenge the previous high. The four-hour structure remains at high levels, and it’s advisable to maintain a low-leverage long position.

On Wednesday morning, Bitcoin is at 80,800-80,600, with a bullish outlook targeting 82,500. Ethereum retraced to around 2,340-2,320, then added to long positions, aiming for 2,460.