From a technical structure perspective, the market is still in a phased correction cycle. Although there is short-term consolidation and recovery, the downward structure has not changed. This round of adjustment has not fully ended. Once the technical repair is completed, the medium- to long-term bearish trend will remain strong, and the bearish logic for the future remains unchanged.

In terms of spatial dimensions, the recent rebound is limited in strength, weak in magnitude, and lacks sustainability. It cannot reverse the downward structure or form a reversal; it is merely a temporary recovery during the downtrend.

The intraday market is weakly consolidating, with bears in control, bulls struggling, prices under pressure, and the consolidation range narrowing. The market is bearish and weak, and it is still advisable to follow the trend.

BTC short near 60200-60800, target 59500-58300.

ETH short near 1600-1630, target 1570-1500.