First, take a look at the whale address section in the chart. Yesterday, net inflows were 765 coins. Overall, as the price continued to surge, on-chain activity appeared relatively calm, showing steady and moderate net inflows. In stark contrast, spot ETFs saw high-intensity net inflows. This current market move is even more appealing to users in Europe and North America, and sentiment is extremely high. Or to put it another way, this round of行情 is still being driven by capital from Wall Street—the strength and persistence are clearly visible. So I think this big market move should last for a fairly long time.

Back to the chart, based on the current trend, my takeaways are:

1、If you encounter a correction—no matter if it’s a relatively large one—it is still an opportunity. In a bear-market environment, this kind of “bullish head-back” move within a repair rally is something you can take advantage of. Either way, for now, going long won’t likely get you trapped. On the contrary, stubbornly shorting—being an “iron bear”—can easily become fuel for a market breakout. But the price won’t just keep rising endlessly. I think the phased heavy resistance is roughly between 83k and 84k. For the bulls, only by getting that level under control can the upside space be tested again. But can the bulls easily take it down? It won’t be that easy. This area is very likely to cause a phase of correction. After the correction is finished, then the market can continue pushing higher. So in the future, if the price meets resistance in this major pressure zone and pulls back, we can consider becoming a short-term bear. As for now, I don’t recommend taking a hard short. If you absolutely must, then make sure your risk control is solid, so you don’t get successfully liquidated by the market.

2、Whether the price will push higher or make a slight correction is something that will likely happen within the next few hours. If the price doesn’t fall but instead rises, then it basically looks like it’s heading above 82k. If it doesn’t rise but keeps slipping lower, then it’s likely to start a small correction. The target area for that correction—i.e., the key support zone—is the range [77800-78600], roughly a 1,000-point support range. This is an opportunity that the bulls need to pay special attention to.

3、As long as the price effectively breaks below the 77800 level, then there’s a possibility of a more thorough shakeout-style correction. But there’s no need to be afraid—it's simply a difference between a small opportunity and a big opportunity. Of course, if the price doesn’t rise and instead falls, even breaking below the last line of defense for short-term bulls at the 77800 level, then for short-term bears, it could present an opportunity to short and capture an effective corrective move.

In summary, for reference only.