The overall intraday tone is still corrective. Big cake is consolidating within a certain range around 70,600-71,200, and so far neither bulls nor bears have tested key levels. As for Ethereum, its price action is consistent with the release, recovering to around 2207, meeting resistance and pulling back, then dropping as low as around 2181 before rebounding. The short positions laid out earlier in the morning are still being held, continuing to look for whether key support will break.

From the current market, trading volume is relatively sluggish. The bulls and bears are in a consolidation phase with reduced volume. In the short term, the highs are trending lower, the lows are rising, and a certain triangular range has formed. For now, attention remains on whether price will break out in the future. It is worth noting whether the US-Iran war can provide further structural signals.

Big cake can be shorted at 71,000-71,500, looking to 70,450-69,300. Yi tai can be shorted at 2,210-2,220, looking to 2,180-2,130. #加密市场小幅下跌 $BTC $ETH