Early morning market rebound, Bitcoin's price rose to around 73,800 near the major downward trend line, facing resistance and pulling back. After consolidating at high levels, the overall relative value entered a correction phase. It temporarily dropped to the intraday low point on Friday and is currently oscillating around 71,500. Ethereum showed a late weekend rally pattern, pushing higher, once reaching 2,330 before facing resistance and pulling back. Severe selling pressure at high levels caused a quick dip to around 2,210 intraday. After we closed out losses on short positions overnight, we decisively entered long positions expecting further gains, ultimately capturing over 100 points in both directions.

Looking at the current chart, the daily candles recovered with a series of bullish days but then turned into a large bearish candle today, giving back two days of gains. Although five consecutive days saw high-level breakouts, frequent upper shadows indicate selling pressure above. Short-term continuation remains relatively difficult. Indicators are currently high and sluggish, showing signs of a death cross. The longer-term trend continues to favor a high-altitude short position for medium-term downside. On the four-hour chart, the current K-line broke below the middle band support, with the overall intraday decline showing a sharp downward structure. After the death cross, a phase of downward consolidation has begun, but indicators show signs of low-level adjustment. In the short term, a rebound is likely, with focus on whether the previous resistance zone of 72,000-72,500 can form an effective top-bottom reversal to establish a strong bearish structure. Trading should mainly follow the high-altitude short strategy on the larger cycle.

Bitcoin can be shorted at 72,000-72,500, with targets around 71,200-70,400. Ethereum can be shorted at 2,225-2,250, with targets around 2,210-2,180. #加密市场回升 $BTC $ETH