Reviewing the intraday market, the overall structure during the daytime remains in a consolidation pattern with oscillations. Bitcoin stays around the high of 75,000, fluctuating within a narrow range. By midday, it only moved about 500 points in a narrow sideways consolidation. In the evening, a sharp decline driven by increased selling volume occurred. Bitcoin, following the US stock market’s gap-up, experienced a surge in selling volume and dropped. The price currently bottomed out around 73,200 and rebounded after encountering resistance, maintaining around 74,300 in consolidation. As for Ethereum, it mostly traded within the 2340-2360 range during the day. In the evening, it saw increased volume, with the lowest price reaching around 2280 before bouncing back. However, the rebound was not strong enough to turn the trend bullish, and it remains above 2300 in consolidation. Today, Bitcoin’s intraday short-term trades are numerous, but no real-time statistics are recorded. The overall strategy involved two short positions, capturing a total of 1,900 points in profit, while the “mistress” (a slang term for a secondary position) closed with 65 points profit. After the evening rebound, a high-level entry was mentioned for those looking to short further. Currently, the short positions are floating with profits. It’s uncertain how many friends followed this move.

From the current market perspective, the daily chart structure has turned bearish with a retest, continuing the high-level consolidation pattern. It has not shown signs of a strong bullish attempt to break higher. This consolidation indicates that the bullish volume has faced resistance. On the technical indicators, after this rally, no further adjustments have occurred. All indicators are showing signs of a potential bearish crossover, with a cyclical downward adjustment underway. After retesting the bottom support, although a long lower shadow was formed, the highs are gradually decreasing, and the lows are being tested repeatedly. The overall trend will likely continue to adjust downward. The impact of this recent rally suggests that traders holding high-position shorts should pay attention to the midline of the daily structure. Looking at the four-hour chart, the overall price shows a pattern of oscillating downward after a rally. In the evening, volume surged downward, breaking below the midline. Despite a long lower shadow, the close remains a large bearish candle, with the price near the midline, indicating further downward consolidation. A strong bullish phase is often accompanied by the midline remaining bullish, but divergence on indicators has already formed. After this rally, the larger cycle needs further correction, with increased volume retesting and likely breaking the key support at the midline. Overall, there is room for further decline, and the trading strategy for the early morning remains to buy the rebound and continue to short.

Bitcoin can be shorted at 74200-74700, targeting 73200-72500. Ethereum can be shorted at 2330-2350, with a focus on 2300 break and further down to 2250. #加密市场回升 $BTC $ETH