Yesterday's market gave everyone quite a few surprises. Bitcoin experienced an effective breakthrough during the early hours, directly stabilizing above the key level of 88,000. The previous resistance turned into support, giving the subsequent rally more confidence. The market surged to around 88,900, with trading volume also increasing. This kind of volume-price resonance is what a healthy breakout should look like.

However, from a technical perspective, we are indeed entering a correction phase. The fundamental reason for this adjustment is not complicated—there was a significant increase in volume during the weekly breakout, which successfully opened up upward space. But after breaking through, there was no technical retest, so the current correction is just a normal market adjustment. The daily chart still shows continuous bullish candles, with the K-line pattern indicating a temporary pause in the uptrend. Don't interpret this as a trend reversal; the overall bullish structure remains intact.

Next, the market is likely to enter a high-level consolidation phase. From a smaller timeframe, after a pullback, there is a lack of strong rebound momentum, and the effective support levels have not yet been confirmed. There is still some room for downward correction.

In terms of specific operations, Bitcoin can be positioned for long positions within the 88,000-88,500 range, targeting 90,000; Ethereum can look for buying opportunities in the 2,950-2,980 range, with a target of 3,070.