Early in the morning, the price briefly surged to 61322 before being quickly pulled back, indicating heavy selling pressure above. The bulls have not fully grasped the rhythm. This move seems to echo yesterday's drop to 57758, with mutual probing between bulls and bears. The price has now fallen back to around 60500 and is consolidating. Ethereum is in sync with Bitcoin, breaking the recent high to reach 1645 this morning before facing resistance.

Looking at the current chart, on the 4-hour level, Bitcoin's entire rebound has seen shrinking volume, while downward spikes have seen increasing volume, indicating a severe lack of bullish buying support. The MACD green bars have shortened significantly, and the fast line has turned upward, forming the rudiments of a bottom divergence. Although short-term repair momentum is relatively strong, it is still suppressed by the zero line, severely limiting the rebound height. For now, the focus is on Bitcoin: if it rebounds to the 60500-60800 range, a short position can be taken; after it pulls back to stabilize around 59000, a light long can be attempted. The overall operation strategy suggests trading in a range by buying low and selling high.#Circle股价重挫17% $BTC ‌$ETH ‌