After the price surged, upward momentum weakened and it entered a high-level consolidation pattern. The overall bullish trend has not been broken, but there is a short-term need for pullback and repair.

Yesterday, BTC strengthened from the low of 57746, surged to the 62179 level, then faced pressure and weakened; ETH simultaneously rallied unilaterally from 1545, touched resistance at 1724, and then pulled back. On the 4-hour chart, a stalling candle formed, the bullish momentum has significantly diminished, and the market has entered a high-level sideways consolidation to digest previous gains.

Currently, the long-term bullish structure of the market remains intact, but selling pressure from above continues to increase. If subsequent rebounds are weak, be alert for a deep retracement. The key support levels to watch are Bitcoin 61000 and Ethereum 1670: if these supports hold, the market will maintain a high-level range consolidation; once they are effectively broken, the downward adjustment space will open up. The trading strategy should focus on selling high and buying low within the range, and avoid blindly chasing longs at high levels.

BTC bounces to 61800-62300, target downside to 60500-59000

ETH bounces to 1720-1750, target downside to 1650-1580$BTC $ETH #ETH突破1700