The pullback after the surge on the four-hour chart has caused the market to not immediately return to the upper range after testing support. It's a bit of a setback, but the overall direction hasn't changed; the bulls are still in control. In such times, there's no need to rush; give the market some time to digest. Once the rhythm stabilizes, the rebound that should come will naturally arrive.
Overall, the market is still dictated by the bulls. The pullback looks more like a consolidation of strength rather than a reversal. The operational advice is clear: continue to anchor at low levels for long positions, follow the larger rhythm, and don't miss out on structural upward trends due to short-term fluctuations.
The major cryptocurrency is correcting near the 116500 range, looking up to 119500. If it doesn't break 120000, you can go short instead.
