Based on the current market outlook, Bitcoin has attempted to rise above 70,000 but has not established a stable foothold. Instead, it quickly retreated into a consolidation phase, with the overall trend shifting from the previous stair-step upward movement to a high-level sideways and weaker performance. Ethereum also failed to sustain its momentum after reaching above 2,170, gradually giving back its gains after a brief rally, showing signs of stagnation in the short term. From a technical perspective, both assets are near key resistance levels but have not confirmed a breakout, indicating that selling pressure is beginning to ease. Short-term funds are showing clear signs of profit-taking, suggesting that the current market is more likely in a correction phase after a rally rather than a continuation of the trend.

Looking at the current market structure, on the 1-hour chart, Bitcoin has shown signs of a lower high after a pullback from a rally, with the trading focus gradually shifting downward. Meanwhile, momentum indicators are diverging from the price action, indicating weakening upward momentum. On the 4-hour chart, after a rapid ascent, the price is in a high-level consolidation zone, with multiple upper shadows on the candles, unable to form a strong bullish close, resembling a top-side oscillation pattern. Ethereum is weakening simultaneously, with insufficient rebound strength, overall following a downward correction structure. In this context, trading should primarily focus on short positions, paying close attention to the resistance in the 70,000-70,500 range for Bitcoin and the 2,170-2,180 range for Ethereum. As long as the rebounds lack volume and fail to regain key resistance levels, traders can gradually establish short positions, aligning with the current shift from strength to weakness. Overall, this is not a safe zone for long positions but an execution zone for shorting under pressure. #国际油价走高 $BTC