The overnight market moved out a round of one-way rally. At this stage, it is consolidating in a high-range area. The concentrated bullish force that was released has gradually begun to run out; prices have repeatedly fought at the resistance level, and the long-versus-short game has intensified. The market is about to make a short-term directional decision.

This rapid surge has already exhausted a large amount of incremental buy pressure. The market is stalling, and technical indicators are showing divergence. Upward momentum continues to weaken, and there is a risk of bull trap in the high zone. If the price cannot hold above the key resistance level, the probability of a phased pullback will keep increasing. The pressured positions of subsequent rebounds will be a prudent timing for a short setup.

Short BTC near 65,000–65,500, targets 64,000–63,000–62,000

Short ETH near 1,870–1,900, targets 1,810–1,760–1,710$BTC $ETH