Reviewing the early morning market, Bitcoin has seen increased buying volume since last night, pushing higher and testing resistance, once reaching around 77,800. It has again shown signs of pressure, currently falling back to around 77,300 for consolidation. I have mentioned multiple times before that the overall market is dominated by bears, even if there is some rebound volume. Until the resistance level is broken, there’s no need to chase longs aggressively; taking advantage of rebounds in stages is fine, but near resistance levels, it’s better to lock in profits.

Regarding Ethereum, its movement is basically consistent with Bitcoin. After a rebound, it still faces resistance at the key level of 2,150. The market remains bearish, and the strategy is mainly to short on rebounds.

Looking at the 4-hour chart, as the price consolidates further, the Bollinger Bands are gradually narrowing. Moving forward, attention should be paid to the volume increase during this pullback. The key support at around 76,000 must hold; if the pullback does not break this level, there is still an opportunity for short-term rebounds. As the Bollinger Bands continue to tighten, both bulls and bears are approaching a critical decision point.

Combined with indicators, the KDJ lines are in the overbought zone and show signs of turning downward. Previously, the high at 77,800 lacked sufficient support, so short-term resistance may cause some adjustment. Currently, chasing shorts remains cautious to avoid bottoming out and then seeing a bullish rebound that fills the 79,000 gap.

Bitcoin can be shorted between 77,300 and 77,800, targeting around 76,000. Ethereum can be shorted between 2,130 and 2,150, targeting around 2,080. #TradFi交易分享挑战 $BTC ‌$ETH ‌