Overnight, the market spiked and then retreated. After touching the pressure range, it failed to sustain an upward move, and it remained in a tight range all day. Selling pressure in the upper resistance area continues; upside momentum has weakened. Bulls and bears are tugging back and forth at key levels, with significant divergence in capital and a strong wait-and-see sentiment in the market. Trade only after the breakout direction becomes clear.

With the current market, prolonged consolidation makes it hard to rise. After the first wave, there is insufficient follow-through funding, and the upward trend lacks strength. The market’s first-wave attempt is weak; an upside breakout has been thwarted, and a pullback could start at any time. In terms of strategy, avoid chasing rallies. In the next phase, on rebounds that face pressure, build positions in batches, entering around the resistance levels to capture the pullback opportunity.

btc rebound shorts near 64000-64600, downside to 63200-61600

eth rebound shorts near 1790-1830, downside to 1760-1700