Since the start of the trading day, the core of the overall movement of the large-cap coin has still been centered on repeatedly probing the upper edge of the range. In the morning, the market gradually lifted from around 76,000, and the high moved to above 77,000. During this period, although there were pullbacks, they all stayed relatively shallow, without forming continuous breakdowns—indicating that buy support below is still there. However, it is worth noting that as price approached the previous high area, multiple attempts to push higher failed to create any follow-through space; instead, trading continued at high levels, repeating there. In the afternoon, even though it touched around 77,700 again, it still did not manage to stand above and complete an effective breakout. The Ethereum trend has moved in sync with this: it gradually rose from around 2,270 to above 2,340. The process also shows limited pullbacks and a rising center of gravity, but near 2,350 it repeatedly met resistance, and the duration spent at high levels became clearly longer. Overall, the market has indeed lifted somewhat intraday, but it is closer to repeated consumption of the overhead pressure zone rather than a genuine trend opening. This kind of market behavior often implies that there is strong overhead sell pressure, and price is in a critical state.

　　At present, the large-cap coin on the four-hour timeframe is still within a rebound framework, but the 78,000 area coincides with the previous highs and a dense trading zone. It has been touched multiple times without breaking through; in essence, this is reinforcing the effectiveness of the suppression in that area rather than weakening it. On the one-hour timeframe, it is clearly visible that although price keeps testing upward, the continuation space between highs is shrinking, and there is a lack of sustained volume expansion to go along with it. This is a typical structure of repeated probing at high levels with momentum fading. Once a pullback breaks down and goes below 77,000, it will break the current support structure on the smaller timeframe. First, price will likely look back to 76,500; second, there will be a need for further pullback to the prior rally starting area. Ethereum’s structure is similar: on the four-hour chart, the 2,350 area has clear resistance, while on the one-hour chart price is horizontally accumulating at high levels and has been unable to open up space for a long time, indicating that bulls are finding it difficult to push forward in that zone. Based on this structure, the bearish idea given in the morning does have a basis and has not been invalidated. The current market looks more like performing the final repeated confirmation below the resistance level rather than achieving an effective breakout. In terms of operations, continue to maintain the bearish direction unchanged; until the key resistance area breaks through with a clear increase in volume, do not change the pace. #Strategy吸筹速度超挖矿两倍 $BTC