At the moment, the market is still in a consolidation phase with bearish volume expansion, and an early-morning pin bar retraced to dip lower. After we yesterday planned and added large short positions, we also exited accordingly, locking in more than 500 points of room. Ethereum: we placed short positions around 2415 last night, then exited around 2365 in the early morning, capturing more than 50 points of room. The market is still in the phase of continued volume-driven dipping; although the early-morning retracement to 77500 was somewhat blocked, after the rebound it has still moved out with bearish continuation, continuing to probe lower. For the short term, watch the resistance level around 77700.

Although Ethereum’s early-morning retracement was blocked at the 2340 area, after the insert frame the rebound did not have much strength. Overall, the tone remains one of pressure and pullback. As price further dips, the B price is currently down to around the 2350 area, consolidating in a range, with further room for retracement. On the upside, focus remains on the support at the 2330 area, and whether it forms a secondary top-to-bottom (and bottom-to-top) conversion, signaling a strong bullish move. If the level breaks down, a continuation lower is still possible to look for below 2300. #比特币反弹 $BTC $ETH