$BTC Afternoon price action surged higher before pulling back for a short-term correction. After the price retraced and broke below the 73000 level, it quickly recovered and pushed higher. The market is currently in a strong bullish phase, and shorting is still not advisable. The overall strategy remains to maintain long positions on dips and monitor key resistance breakouts.

Looking at the 4-hour chart, the early session showed a sharp rally, which represents a single-sided volume breakout following yesterday's consolidation correction. Consecutive bullish candles have pushed higher with strong bullish momentum. However, the current price level is relatively high, and blindly chasing the rally in the short term is not recommended. A more prudent approach is to wait for the short-term bullish momentum to fully release before the price retraces and stabilizes, then opportunistically enter long positions. The overall structure still shows a pattern of volume expansion followed by minor bearish candle pullback corrections, then continuation of the uptrend, displaying a moderately strong formation.

Bitcoin can go long around 73000-73300, targeting 74500-76500. Ethereum can go long around 2250-2270, targeting around 2350. $ETH