Since early morning, the overall intraday market trend saw Bitcoin (the “big cake”) lead the surge first, reaching around 79,400 before running into resistance and pulling back. It then entered a rhythm of ranging and weakness. After consolidating sideways at high levels, the price gradually slid lower. From the morning to midday, it formed a continuous pullback structure. In the middle of the day, there was a rebound to above 78,000, but it failed to continue; instead, it further opened up downside space. In the afternoon, the selloff accelerated. The price at one point quickly pierced downward to around 76,500, and then a rebound appeared. However, overall, the market remained in a weak corrective phase. In the evening, prices continued to oscillate repeatedly within the 77,000–78,000 range until deep into the night, when it finally returned above 78,000. But structurally, it was still repair after a downswing rather than a reversal. Ethereum’s price action was basically synchronized: it surged to around 2,420 in the early hours, then faced resistance and came under pressure. Throughout the day, it continued to range and drift lower. In the afternoon, it accelerated downward to around 2,300, then began a weak rebound. In the evening, it remained in a consolidation range of 2,320–2,340. Judging by the full-day rhythm, after being pressured at high levels, the downswing is the main theme, and rebounds are more like corrections. As for execution, today’s key positioning focused on shorting after pullbacks. By gradually entering at multiple rebound points and riding the move, traders were able to capture the pullback space, and overall performance has been stable. The market never lacks opportunities; what’s missing is whether you dare to execute at key levels. The real difference is never made by prediction—it’s made by execution.

As for the current structure from the daily chart perspective, after the prior surge, the big cake has already shown clear signs of price stalling. High-level candles have been continuously closing with pressure. The market has started to test support zones to the downside. In the short term, the 79,000–79,500 area above forms a stage-level resistance, while the 76,500 area below is the first key support. Once it is lost again, there is still room for further probing downward in terms of structure. On the 4-hour timeframe, the market overall is trading within a descending channel. Rebound highs keep getting lower. The current pullback rebound is more inclined to be repair than a reversal. The moving-average system shows a bearish alignment, and the short-term still has conditions to continue releasing downside momentum. On the 1-hour timeframe, there are some signs of a slowdown and stabilization, but the rebound lacks follow-through continuity, and is more of a weak consolidation. Ethereum is similar: the daily chart shows clear pressure overhead, with the 2,380–2,400 region strongly suppressing price, while the 2,300 line below has become the near-term line dividing bulls and bears. The 4-hour structure remains tilted bearish. Overall, the market does not have the foundation for a reversal at the moment. Going forward, operations should still look for entry opportunities to open shorts at high levels and then watch for a pullback. #以太坊Meme季卷土重来 $BTC