In the early morning phase, Bitcoin initially maintained a volatile upward trend, gradually rising to around 73,700, but was unable to break through effectively, then entered a sideways consolidation. As time went on, the momentum weakened, highs started to decline, and the rebound strength diminished. After entering the morning, the market experienced a volume-driven dip, quickly breaking below the previous consolidation range, with the lowest touching around 71,250, forming a wave of accelerated decline. Ethereum's movement was synchronized, rising to around 2,320 before facing continuous resistance, then oscillating and weakening, with a quick dip in the morning, with the lowest retracement to around 2,205. Overall, this decline was decisive, representing a concentrated release after high-level resistance. The strategy I proposed over the weekend consistently focused on shorting at high levels. This wave of downward movement, in line with the trend, is essentially a demonstration of execution. The direction is correct; the only remaining factor is time.

From the current market structure, Bitcoin has broken below its original sideways upward structure. The 4-hour high and low points are starting to shift downward, indicating a shift from a strong to a weak trend. The recent rebounds are more about recovery after a decline rather than a reversal. The short-term resistance zone is around 71,800–72,200, with a strong resistance near 72,800. Support below is at 71,000; if this level is broken again, further downside is expected. Ethereum's structure is similarly weak; after breaking key support on the 4-hour chart, it entered a downward phase. The short-term resistance zone is around 2,230–2,250, with strong resistance near 2,280. Support below is at 2,200. The trading approach is clear: continue mainly with short positions at high levels, wait for rebounds to the resistance zone to gradually short, follow the trend, and avoid counter-trend attempts. #Gate现货衍生品双双冲进全球前三 $BTC