In the early trading session, the bulls reduced their volume, and the phased recovery to the 77,500 level faced resistance and pulled back. Currently, the fluctuation range is gradually moving downward, with the rebound confirming the resistance of the oscillation range. The short-term support is around 76,600. The trading volume during the daytime is relatively poor, indicating still a consolidation phase. Ethereum's movement is basically consistent with Bitcoin, with an early rebound to the 2310 level facing resistance and pulling back. In the short term, the downward adjustment momentum remains. Although it was blocked at 2380 during midday, there was no rebound strength in the consolidation. Continue to watch for signals of a breakdown in the future. Friends who entered long positions in the early session should hold patiently, waiting for the bears to increase volume and push lower.

From the current market perspective, the daily chart structure is still in a downward retracement trend. Although a relatively long lower shadow was formed yesterday, after further retracement, it remains in a downward rhythm, still testing the support of moving averages. The MACD indicator shows signs of a death cross at high levels, and the KDJ remains in high-level consolidation before indicating a clear direction. The main trend moving forward is still downward. On the 4-hour chart, a certain top-bottom pattern has formed. The previous oscillation zone's bottom has transformed into the current oscillation zone's top, which is a typical bearish volume adjustment method. Currently, the bears dominate the consolidation with an intention to break lower. Continue to watch the 76,000-75,000 key levels.

Bitcoin can be shorted at 77,000-76,700, targeting around 75,000. Ethereum can be shorted at 2280-2300, targeting 2250-2200. #加密市场小幅下跌 $BTC $ETH