Reviewing the intraday market, in the early session the price was still at the closing/turning point, driven mainly by increased bullish volume. The rebound pushed up to around 77,500 but met resistance and pulled back. Intraday, bears still hold the upper hand, forming a structure of consolidation followed by downward movement. The coin price gradually broke below support; as the evening bears further increased volume to retest, Bitcoin broke below the 76,000 level. The current lowest retest is around 75,500, where it has met some resistance. It has since rebounded again to around 75,900, consolidating. As for Ethereum, it follows the same pattern as Bitcoin: it keeps breaking lower, with the lowest dropping to around 2,250 before encountering resistance and rebounding again to around 2,280. For today’s live trading, we placed a total of two short orders on Bitcoin; Bitcoin captured nearly 2,000 points of upside movement space, and Ethereum captured 55 points.

Looking at the current market, the daily structure continues making consecutive downward candles and is in a pullback/adjustment phase. The pullback has reached the key resistance at the 120-day moving average. The pullback has encountered some resistance, and the market is still in the adjustment stage. On the daily structure, the upward channel has already been broken; bears are in control. On indicators, it is also in a weak structure with a downward turn. In the outlook, there is room for further adjustment along with increased volume. On the four-hour chart, it is currently in a bearish-volume phase of a double-top structure. Pay attention to the support structure from the earlier rally start point. The market still has a certain amount of continuation momentum. The RSI indicator is also approaching the oversold range, but rebound strength is weak. We expect further downside adjustment room. In the short term, focus on the support level around 75,000 on the daily structure.

Bitcoin can be shorted at 76200-76500, targeting 75000-73200. Ethereum can be shorted at 2280-2300, targeting 2250-2200. #加密市场小幅下跌 $BTC $ETH