You can see that after the midday surge, Bitcoin did not continue a continuous upward rally but instead experienced multiple sideways consolidations and oscillations during its ascent, with the overall rhythm leaning more towards a "gradual raising of the center of gravity." Especially after reaching around 75,500 and encountering obvious resistance, it then pulled back and entered a range of repeated oscillations, indicating that selling pressure above is gradually easing, but support below still exists, keeping the price in a high-level zone without a clear breakdown. Ethereum's trend is roughly synchronized with this, but the rebound strength is slightly weaker, with a sharper pullback after reaching around 2,330, and the subsequent rebound has not effectively broken previous highs. It is currently consolidating near 2,300, showing a characteristic of "rising with the market but not with strength." Structurally, the current market has shifted from the previous trend-driven phase to a high-level oscillation stage intensified by divergence, with both bulls and bears repeatedly battling within key zones.

From a technical structural perspective, Bitcoin is currently in a typical high-level consolidation zone, with multiple attempts to break through above but no effective breakthroughs, indicating that the short-term momentum for further upward movement is weakening. Meanwhile, during the pullback, the lows are being raised repeatedly, limiting downward space and forming a converging oscillation structure. Under this structure, the market is more likely to follow a path of "failed second attempts to push higher followed by a pullback," rather than continuing the rally directly. Therefore, short-term trading should avoid blindly chasing longs; a more reasonable approach is to wait for the rebound to reach the upper boundary of the range, observe the resistance, and then look for pullback opportunities. Since Ethereum's structure is weaker, if Bitcoin pulls back, its downward elasticity is often amplified, so at this stage, it is more inclined to follow the weakness. Overall, the short-term market does not have the conditions for a strong trend continuation; the rhythm is likely to remain in high-level oscillations with a gradual tilt toward weakness, patiently waiting for the structure to confirm and for the pullback space to be released. #Gate13周年现场直击 $BTC