Since the early-morning phase, the overall trading rhythm has gradually shifted from consolidation to a downward movement in terms of space. The market first repeatedly oscillated around 2200; it made several attempts to probe higher, but there was always a lack of follow-through. During this period, it briefly surged above 2240 before quickly falling back. This push upward did not form a structural breakout; instead, it confirmed the presence of selling pressure overhead. Then the market began to weaken: the highs were gradually pushed lower, the rebound amplitude noticeably contracted, and the pullback rhythm remained relatively consistent. The lows were carried down to around 2170 before the pace of decline eased. After entering the morning, the market kept consolidating and repairing at low levels. Although there was a pullback action, it still could not stabilize above key levels. Overall, the trading center of gravity shifted further downward compared with the early morning, and structurally, it has already transitioned from oscillation to a weaker mode of operation.

　　From the current order book, the market is closer to consolidation during a downward process rather than a stop-the-fall and stabilize situation. In the short term, the feature of lower highs and lackluster rebounds is quite clear, indicating that overhead pressure is being gradually pressed down. On the resistance side, you can focus on the 2220-2240 zone for range suppression—this is where resistance was formed multiple times in the prior period, and it is also the structural dividing area. Further above, look at the strong resistance around 2260. For support, first watch the 2150 area for acceptance, followed by the critical support zone in the 2120-2100 region. From a spatial structure perspective, the upper and lower ranges have already been gradually widening. Without a renewed firm hold above 2220, it is difficult for the market to turn stronger. Therefore, the subsequent trading approach should remain trend-following and operate with a bias to short. #Gate广场四月发帖挑战 $BTC