The trading pattern on the white board remains consistent with previous methods. Bitcoin is almost still hovering around yesterday's high levels, experiencing high-level oscillations. The oscillation range has shifted downward somewhat, with the lowest retracement reaching around 74,500, which has found support, but there has been no strong rebound from the bulls. As for Ethereum, it is showing a relatively weak trend, mainly moving in a downward oscillation from the morning’s 2360. The lowest retracement on the white board is around 2310, encountering resistance, and it is currently fluctuating around 2325.

Looking at the current market, the four-hour chart shows consecutive declines, with the price retracing to near the midline and facing resistance. The MACD has formed a death cross from a high position, continuing a divergence signal, but there has been no further volume-driven decline. The white board trading is relatively poor, maintaining key support levels after the holiday consolidation. The pattern shows a rebound to high levels encountering strong resistance and then falling back, indicating a structure of strong resistance during the rebound. Overall, the bulls’ recovery will likely only lead to a phase of rebound with room for further decline afterward. As the Bollinger Bands further narrow, upward movement will face more resistance, and there is still room for a pullback in the future. The trading strategy remains unchanged: continue to watch for a decline.

Bitcoin can be shorted at 74,700-75,000, targeting 74,000-73,200. Ethereum can be shorted at 2,330-2,350, targeting around 2,300. #山寨币强势反弹 $BTC $ETH