Bitcoin/Ethereum have been consolidating at high levels over the past few days. We have warned multiple times about the “buy high then short” and “add-to-short” opportunities, and the market kept falling until it hovered around 64,600 for BTC and 1,860 for ETH—overall, the room is visible. Now the market has rebounded somewhat again, and it also provides another opportunity for short entries. The 4-hour chart shows recent range-bound consolidation. The latest candlestick is a bullish candle, indicating that short-term buying pressure has strengthened. On the daily chart, yesterday printed a huge bearish candle with a long lower wick, showing strong bearish power, but there is also buying support below. Today’s bullish candle has rebounded, but it has not yet fully recovered yesterday’s decline. On the monthly chart, from July to date it has formed a large bullish candle, indicating a strong rebound at the monthly level, but it still remains in the rebound phase within a long-term downtrend.