Currently, the price is oscillating near the midline of two cycles, and the new support zone below is moving upward again. Short-term accumulation began before the price broke below the previous distribution trend's lower boundary, with institutions showing strong absorption.

⚠️ The key point is whether 74k will be broken; a break would trigger a chain reaction. Although macro variables may influence at the beginning of next week, the market has already gradually digested this over time, making the impact relatively smaller compared to earlier periods.

From a pattern perspective, the current logical approach is "not focusing on where the top is, but observing whether there will be a deep decline."
Additionally, once the price breaks below 74k, the market is likely to face massive selling pressure. This level should be a key defensive position, as it almost determines the choice of the medium-term trend.

Summary:
- Since 78k, the minor adjustment needs have been met, and two support gaps below have been filled. Whether it extends into a 4-hour correction depends on confirming a break below a critical level.
- The previously held high-level shorts have been gradually reduced, leaving only some core positions. Conditions for a small shift to bullish are not yet met, but some expectations can be maintained.
- Near 74k, an adjustment can be used to participate in short-term rebounds, with attention to managing small losses.