The Bitcoin daily trading pattern is still in a phase of range consolidation, with slow sideways reorganization. The rebound high on the large coin does not break above 74,800, and the pullback low does not dip below the 74,000 line either. The daily chart is stuck in a relatively slow consolidation phase. As for Ethereum, its path is basically consistent with that of Bitcoin. Currently, the market is consolidating within the 2260-2290 range. Whether the market can further break through to give continuation to the long side depends on the strength of the reclaim. At present, everything is in a phase of somewhat reduced volume, and both bulls and bears have short-term attempts with points of support/holding power. For the short term, you only need to trade within the range.

Currently, Bitcoin has pulled back again and fallen to the previous key resistance-to-pressure zone. If the rebound cannot break through, and bullish volume continues to shrink, then this round of rebound is essentially a technical correction. After testing the high-point resistance, there is still room to probe lower. In terms of the chart structure, the moving average formation is gradually turning downward, indicating a continued downward trading structure. On the four-hour chart, the KDJ golden cross for the outlook still depends on whether volume can expand. If bullish volume keeps contracting, then the bottom support structure still has further downside room to break, with bearish volume picking up and releasing more momentum. The key bottom support structure to watch is the support strength within the 73,200-73,800 range. As for future news, continue to pay attention to the issue in the US-Iran negotiations—no one knows what kind of outrageous thing they are holding back.

Bitcoin is looking for long orders around 74,000, with upside targets near 75,300 and 75,500 where you can attempt placing short orders. For “Yi Tai” (Ethereum), you can consider long orders around 2260, and for the rebound, first look at whether resistance at 2300 holds: #加密市场小幅下跌 $BTC $ETH