Bitcoin surged strongly in the early session, breaking through the 119750 level and starting to oscillate, while Ethereum also moved up to 3941. From the current market data, the previous daily chart recorded a relatively long lower wick, indicating that the bottom high-leverage positions have completed whipsaw liquidation. Currently, the market has rebounded to the top of the previous oscillation range and faced resistance again, remaining within the range overall, with clear signs of resistance during the surge. The Bollinger Bands show a three-line convergence structure, and in the short term, the daily chart is likely to continue a high-level consolidation pattern. On the four-hour chart, after recovering near the upper band, the market faced pressure and fell back, now forming a three consecutive bearish candle pullback pattern. The KDJ indicator also shows a death cross with a bearish volume expansion trend, but the volume expansion is relatively limited. It is expected that after the pullback ends, there will still be a second volume expansion to test the upper band pressure. In terms of Ethereum, there is a short-term need for pullback correction, but the strong bullish pattern remains unchanged. The operational strategy can still maintain the approach of going long on dips and looking for upward breakthroughs. For more details, follow the after-hours live channel to discuss together.