The morning session still continues with a volume-contracted consolidation, with the intraday low slightly higher and not further testing the 76,000 level. Today’s decline to around 76,500 faced resistance and rebounded, with the current midday high recovering to around 73,000 but still under pressure. Ethereum and Bitcoin still move in tandem; early on, the 2,100 level was resisted, and now after recovering to 2,130, it faces resistance again. We are at a critical decision point after the correction. Currently, the bears dominate, but during the decline, caution should be taken to watch for short-term bottoming signals.

From the current chart, after a series of daily declines, today’s candlestick turned positive with a recovery. In recent trading days, long lower shadows appeared frequently, indicating a short-term bottoming process, which may lead to a phase rebound. However, the major trend’s breakdown has confirmed a bearish trend, and the rebound is only a sign of consolidation in the current market. For now, focus on the middle band for the rebound. The four-hour chart’s K-line remains in a low-range consolidation; the market has not broken the oscillation range. The rebound reaching the middle band is currently under pressure. As the bearish momentum diminishes, the Bollinger Bands are gradually narrowing, and the short-term bulls and bears will face a key dividing point. Watch for a break of the 76,000-77,500 range. The main trading strategy is to remain bearish.

For Bitcoin, consider shorting between 77,200-77,500, targeting around 76,000. During the pullback, look for rebounds between 76,000-76,500; if the 77,500 break continues, then watch for around 79,000. For Ethereum, consider shorting between 2,130-2,150, targeting around 2,080. If a rebound breaks through 2,150, and the price continues to rise, watch the 2,180-2,200 range for further short opportunities. #30年期美债收益率突破5% $BTC ‌$ETH ‌