Bitcoin surged strongly to around 74,444 in the morning before entering a high-level consolidation phase. Market bullish sentiment remains dominant, but disagreements at higher levels have increased, and short-term volatility has significantly intensified.

In the four-hour chart, the price is operating along the upper Bollinger Band, with short-term moving averages diverging upward in unison, forming a standard bullish alignment. The medium-term upward trend is becoming clear. The current correction has not effectively broken below the Bollinger Band midline support, indicating strong bullish momentum with no signs of trend reversal.

Recent candlesticks have continued to close with gains, but long upper shadows frequently appear, increasing selling pressure at high levels and expanding the bullish-bearish divergence. The bullish upward momentum has slowed somewhat, and there is a short-term need for profit-taking and consolidation. The chart has not yet shown clear bearish engulfing patterns or divergence signals. Coupled with the Bollinger Bands opening upward, the medium-term bullish structure remains unchanged. After stabilizing on dips, there is still potential for further upward movement.

BTC: Pullback to 73,400–72,600, with targets of 75,000–77,000

ETH: Pullback to 2,240–2,200, with targets of 2,330–2,400