Look at the four-hour chart first, the price was quickly pulled up from the 73,669 level earlier, then continued to close higher, basically making up for the previous decline. Now the price has already returned above the middle band of the four-hour chart. This indicates that the market is no longer in a one-sided weakening trend, but after the bears have released their pressure, the bulls are regaining control of the rhythm. However, the previous high near 76,500 still presents resistance, so this is not a place to blindly chase longs; it looks more like a high-level consolidation after a strong rebound.

Looking at the one-hour chart, after reaching 76,531, there was no further continuous upward surge, but instead it moved sideways around 75,800, indicating that short-term funds are digesting the selling pressure above.
In plain language, this rally isn’t bad, but in the short term, a consolidation is needed. After the consolidation, it will be decided whether to continue pushing higher or to pull back first and then rally again.
As long as it doesn’t fall back below 75,400, this rebound structure remains intact, and there’s a high probability it will test the 76,200–76,500 zone again.
If it truly stabilizes above 76,530, the upside space will continue to open up.