$BTC In the daytime chart, the overall price action still remains in a range-bound consolidation. After testing the 75,500 area, the market gave a rebound and pushed higher. After the afternoon retracement and retest, it is basically still operating within a rebound-momentum structure. Currently, it has again reclaimed the 76,000 area. Yesterday, at the high level, it was still under pressure at 76,500, which is not the key point. Continue to watch whether it can break through the 76,500 support structure. As for Ethereum, its price action is basically consistent with Big Cake, but in terms of volume, ETH has not further continued the upward extension. The highest it rallied was around 2,325 before meeting resistance and falling back. At present, it is still consolidating and oscillating around 2,320.

From a futures perspective, analyzing the current order book, the overall structure still has three gaps. There is one gap near 77,000 on the upside, and two gaps below at 69,700 and 67,100. For this structure to be recovered, attention should be paid to whether the news can further drive market sentiment to fill the gaps. In such a scenario, the market is more likely to first retrace and fill the 77,000 gap with a wick-like reversal after a pullback, and then afterward resume the downside. Otherwise, if it pushes higher and holds above the 77,000 level, then bullish control would remain dominant, and the market could continue to be able to reach the 80,000 level.

In terms of the approach, for now it still remains a bearish outlook. Although the market is currently in a rally phase on the short term, with highs not broken, and the ceasefire time for the US–Iran war tomorrow is about to end, the bullish strength will not be expected to continue for long. For trading, keep a light short position near 76,500, and look to buy back around 73,800. Short near 2,330, aiming for 2,280–2,250. For the long-term plan, keep a light short position around 77,000; if the rebound goes above 80,000, consider adding to the position. The targets are the two confirmed bottom levels at 70,000 and 67,000. $ETH