After breaking through the high point of 124500 in the morning Bitcoin market data, it entered an "immediate stop" adjustment phase, with a minimum pullback to around 120680 before rebounding. The trend remains robustly bullish, with a firm long positions outlook in the short to medium term. Ethereum's multi-stage assault on 4780 has seen some pullback, but the overall rhythm remains unchanged. After previous periodic adjustments, the market displays a strong upward trend with clear structural connections. The current high-level consolidation and correction is not a sign of bullish exhaustion, but rather a preparation for subsequent upward movement, solidifying the technical foundation. Market pullbacks are a normal adjustment phase, serving to digest profitable positions and clear floating funds, without altering the essence of the bullish trend. The focus will be on the strength and timing of the next upward surge, which relates to the short-term direction and sustainability of the long positions. In the small cycle, correction steps are gradually forming, providing support for the rise, and no top signals have appeared above, making the potential space promising. The bulls are expected to leverage this to aim for higher targets. In summary, the market is operating healthily, the bullish trend is solid, and the adjustment is for accumulating strength for the rise. Pay attention to the direction of the second upward surge to seize opportunities. For more details, follow the Yi Bo after-hours live channel to discuss!#Gate Releases August Reserves Report