Yesterday, after dipping to 57758, BTC staged a stair-step rebound rally, surging all the way to the 62957 level where it encountered strong selling pressure, with the daily chart forming a notable long upper shadow. ETH moved in sync, starting a unilateral rise from 1552, peaking at 1775.50 before quickly facing resistance and pulling back. Both their 4-hour K-line patterns simultaneously show signs of topping and stalling, with bullish momentum clearly weakening. The short-term market has entered a phase of high-level consolidation to digest the cumulative gains of this round.

The overall structure of the long-term bullish trend remains intact and has not deteriorated, but the pressure from above continues to intensify, and bulls lack sufficient strength to push higher again, posing a risk of a phased pullback in the short term. Key support levels: BTC 61000, ETH 1740. If these support levels hold firmly, the market will maintain a high-level box range oscillation pattern; if support is effectively broken, the correction space will further expand. The trading approach should prioritize selling highs and buying lows within the range, and avoid blindly chasing longs at highs to hedge against the pullback risk from a rally-then-reversal scenario.
Short BTC near 62900-63500 on a rebound, target 61500-59500
Short ETH near 1770-1800 on a rebound, target 1680-1600$BTC $ETH #ETH突破1700