In the morning, the market surged and then pulled back. The signals on the board are very clear: the candlestick printed a long upper wick, heavy selling pressure sits overhead, and the upward momentum is noticeably insufficient—so the rally lacks strength.

All technical indicators weaken in sync. The KDJ turns downward from a high level, a death cross is about to take shape, and after being overbought, the pressure from pullbacks continues to rise; ATR keeps falling, and market volatility keeps narrowing.

Amid sideways consolidation at high levels, the “kuangtou” advantage gradually becomes more pronounced. In the short term, the market is highly likely to enter a ranging retracement pattern.

btc rebounds around 80,400-80,800; downside support at 79,800-78,800

eth rebounds around 2,320-2,360; downside support at 2,300-2,240