Morning follow-up market still remains in the correction after yesterday's surge, but the overall lows have not moved further downward, currently bottoming around 80,767. Ethereum's trend is similar to Bitcoin, also in a pullback after a rally, with the lowest touching around 2,311. The current rhythm is still as mentioned before: the bullish trend remains unchanged, and as new highs are continuously refreshed, the movement is still oscillating and consolidating at high levels. Therefore, the current pullback should be viewed as a correction, not a trend reversal. So, the morning strategy remains unchanged: a pullback is an opportunity to add long positions.

From the current market view, the daily continuous bullish structure has been broken, with a short-term single bearish candle forming, but the overall bullish trend of the market structure has not changed. At the same time, regarding this decline, we repeatedly emphasize that it is a correction—just a normal adjustment, not a major decline. Previously, after multiple bullish breakouts above resistance, there was always some correction space, and this time is no different. On the four-hour chart, the short-term four consecutive bearish candles have directly fallen from near the upper band to near the middle band, but the support at the middle band that we have emphasized has not been broken. Similarly, it’s clear from the chart that each bullish surge is mainly centered around the middle band. Therefore, the outlook remains bullish.

On Thursday midday, Bitcoin retraced to: 80,700-80,500, with a target of 82,500.
Ethereum retraced to: 2,300-2,480, with a target of 2,430.