The market has been adjusting under pressure after the rebound all day, recovering above the 78,900 level and then showing a certain amount of pressure-led pullback. After the U.S. stock market closed this morning, it also provided some correction strength. Currently, the price has dipped to around 77,500 and bounced back after being resisted. The whole day’s action is also consistent with our yesterday’s approach of catching a pullback wave and then continuing to look for upside. For Ethereum, it pulled back to the key resistance around the 2,280 level, then rebounded and recovered to 2,308, entering a consolidation range where price is under pressure and fluctuates. The precise high-level call earlier in the morning—first catching the pullback and then looking for a rebound—also brought some results. As time moves into the weekend, the intention to consolidate becomes even more obvious. For weekend trading, operations are still mainly focused on short-term setups.

Looking at the current market from the chart, the daily chart shows consecutive bullish candles and has recovered the sell-off of the previous three days. Today, the BTC/ETH price ratio has further regained strength and tested higher levels. After touching the high, it has again shown signs of consolidation. High-level consolidation often indicates that after a strong move, bulls are building momentum. However, in the current short-term consolidation phase, before the price ratio breaks through the key overhead pressure, there is still some intention for a pullback and consolidation. As the Bollinger Bands continue to narrow, bulls and bears will likely show a clearer directional split. From the four-hour chart, the RSI is still in the overbought zone and has not yet shown much correction strength. With high-level consolidation continuing without breaking down, the KDJ is also at a high level and appears “sticky,” with signs of a possible bearish crossover/death-cross. On the short term, there is still an intention for indicators to correct. Since market trading is relatively poor over the weekend and liquidity is low, there is even less reason to expect a run-up. Over the weekend, in the short term, it’s still more appropriate to expect a certain pullback first, and then continue to look for bullish continuation.

For BTC, you can short at 78,300–78,500 and also watch the 77,000–76,500 range, while continuing to look for upside. For ETH, you can short at 2,305–2,315, and around 2,280, then further plan to enter long positions. $BTC $ETH