The overall trend of the $BTC market aligns with our expectations from last night. After a high surge and subsequent pullback in the morning session yesterday, the market corrected as anticipated during the US trading hours. The Bitcoin price dipped to around 117,300 before stabilizing, and it has currently rebounded to the 118,000 area for consolidation. As for Ethereum, due to the impact of yesterday's Asian session breaking the high, the correction has been relatively stronger, with a drop to around 3,750 where support was found, and it remains in a low-level consolidation overall. This pullback has unfolded as expected, and we maintain a bullish outlook for the future.

The daily line closed lower, retracting yesterday's gains, but overall it remains within a fluctuation range. The K-line tested the middle Bollinger Band support but has not effectively broken below it. In terms of daily structure, we need to pay attention to whether the closing can materially break below the middle band support, which would open up further downward adjustment space. In the short term, the fluctuation and consolidation continue, with signs of the Bollinger Band narrowing indicating that the market may continue high-level consolidation. The four-hour level momentum has also slowed down, and it is currently in horizontal consolidation. The short-term direction remains to be confirmed; whether it will touch the highs again or deepen the adjustments is still unclear. In terms of trading strategy, accumulating small profits during market fluctuations and capturing larger gains in a trending market is an effective way to improve performance.

Bitcoin can be bought in the range of 117300-117800, targeting around 120000. Ethereum can be bought in the range of 3750-3780, targeting around 3950.