The overall weekend still shows a pattern of adjustment and bottoming out. Bitcoin surged to a high of 77,200 from yesterday's white session, then retraced and adjusted down to around 75,300. It’s a typical Friday high followed by weekend correction. Currently, after a further pullback, we are testing resistance levels and then focusing on support structures. Ethereum's movement is consistent with Bitcoin's, retracing and currently bottoming near 2,330, which is also close to the key support level we mentioned yesterday. Even in a strong market, adjustments are inevitable; a rise followed by a pullback is normal. The key is whether the higher and lower points can switch after the pullback.

Looking at the current chart, the daily candle closed with a pullback. If the price continues to increase with higher volume, it could benefit the bulls' volume expansion and lead to further profit-taking. Overall, the daily structure remains in a relatively good upward channel. The main resistance is still at the 120-day moving average. Breaking and holding above it could lead to further upward movement and a continuation of the bullish trend. Currently, the structure faces significant resistance, and we are in a short-term correction phase. The indicators show overbought conditions with a death cross, indicating a short-term correction.

From the four-hour chart, as the price adjusts, it has broken below the previously unbroken middle band of the Bollinger Bands. The bands are entering a consolidation phase early next week. In the short term, the middle band continues to adjust, and the key Fibonacci support at 23.6% around 75,200 is the current critical resistance. Therefore, a long position can be considered for chasing higher.

Bitcoin can be bought around 75,200-75,500, aiming for near 76,500. Ethereum can be bought around 2,330-2,340, aiming for 2,360-2,380. #山寨币强势反弹 $BTC $ETH