During the early hours, the market completed its move, with Bitcoin dropping to around 72,500 before rebounding and recovering, but faced clear resistance when approaching the 73,900 level; Ethereum moved in sync, falling to a low of 1,966 before bouncing back, reaching as high as 2,029. Overall market pressure remains heavy, and the trend is relatively weak, with short-term oscillations and tug-of-war likely to continue.

From a technical perspective, Bitcoin's daily chart shows a medium-length lower shadow with a long lower wick, indicating strong buying support in the lower support zone. The price quickly surged with increased volume, and the bulls temporarily regained strength, but no clear reversal signal has appeared yet. On the four-hour chart, after testing the previous support at 74,300, the price faced resistance and fell back, indicating only a weak rebound at this stage. If the subsequent daily close cannot stay above 74,300, the bearish trend will not change. In terms of trading strategy, continue to focus on shorting on rebounds facing resistance.

Bitcoin's intraday rebound targets are around 73,800-74,500 for short positions, with a target of 73,000-72,000.

Ethereum's rebound targets are around 2,020-2,050 for short positions, $BTC with a target of 1,980-1,950.