On the daily chart, after a significant price surge, the cryptocurrency is experiencing a prolonged high-range consolidation. Although there is short-term upward resistance, it also shows signs of a defensive pullback, indicating a bullish overall structure.

In the 4-hour chart, after a second surge, the price has pulled back again. From the previous lows, the intensity of this pullback has increased, which indicates that the pullback is clearly limited, so the bullish outlook remains unchanged in the afternoon.