In the early morning, the bulls once again increased volume to probe resistance. Bitcoin briefly rebounded but faced pressure around 79,000, and it has now again fallen and consolidated near 78,000. As for Ethereum, its price action has been consistently relatively strong compared with Bitcoin. Since yesterday, after reclaiming and holding above 2,330, its up-and-down moves have been faster than Bitcoin’s. It has currently reclaimed the key resistance area around 2,380, faced pressure, and pulled back; the current price is holding and consolidating around 2,360. Overall, the market is biased toward strength, but as long as the bulls’ volume does not break down through the key resistance, there is still the possibility that price will be blocked in the short term.

From the current order-book situation, the 4-hour chart shows consecutive candles turning positive with upward consolidation. The Bollinger Bands are still in a sideways consolidation state; the band contraction and upward “needle”/pin-prick appearance suggest that the resistance at the highs is strong. The market lacks further buying power to push the price higher. The rebound at the 79,000 integer level met resistance pressure and pulled back. Going forward, it will still be necessary to watch for consolidation signals to judge whether bulls or bears are stronger. In the short term, continue to monitor whether the bulls’ rebound can provide further continuation. If the 79,000 level breaks through and is reclaimed, you can further watch for price to move within the 80,000-83,000 range. For short-term trading, first consider trying a short position to bet on a resistance-driven pullback adjustment.

Bitcoin can be shorted in the 78,500-79,000 range, targeting around 77,200. Set a stop loss at 79,500 on a break—do not hold the position. For Ethereum, first observe and pay attention to whether it breaks the 2,380 area. #加密市场行情震荡 $BTC $ETH