Today, Bitcoin overall showed a pattern of "strong surge followed by a high-level pullback." After the market opened in the early hours, the price stabilized around 67,155. Subsequently, the bulls continued to exert effort, breaking through the 68,000 and 69,000 levels consecutively. In the morning, it reached a new high of approximately 70,332, creating a recent peak. In the afternoon, the market faced pressure and pulled back, oscillating around 69,300 for consolidation, with a retracement of about 30% of the upward wave, which is a normal technical adjustment. The entire day exhibited a pattern of initial rise followed by decline, with a smooth upward process and a relatively gentle pullback. Ethereum moved in sync, rising from around 2,080 to above 2,170 during the day, then retracing to around 2,130 for consolidation. Our intraday strategy remains mainly short-term, with some profit from appropriate rebounds at lower levels in Bitcoin during the evening. Today, Bitcoin's total profit-taking amounted to 1,100 points, while Ethereum's total was 45 points.

Looking at the current market, the daily chart continues to show a small positive candle with a long upper shadow. The price opened above the middle and upper bands, indicating a strong market. However, after the rebound, the price is still near the previous upward channel and facing resistance. Indicators are also approaching overbought territory, with the KDJ currently at high levels and at risk of turning down at any moment. Combining the four-hour short-term chart, the daily trend continues to recover strongly, with Bollinger Bands opening up. The price remains in high-level oscillation and consolidation, maintaining a bullish tone. However, indicators show overbought conditions, and no further adjustment has occurred. Overall, the price remains in the 69,000-70,000 range for consolidation. Whether the market can hold above the previous upward channel is crucial for the bulls to increase volume. Currently, with resistance at high levels, the strategy is to wait for a pullback.

Bitcoin can be shorted at 69,700-70,000, with a target around 68,500. Ethereum can be shorted at 2,150-2,170, with a target around 2,100-2,080. #加密市场行情震荡 $BTC $ETH