Since early Pyan, Bitcoin and Ethereum have been relatively stable overall, with the market mainly fluctuating within a certain range. Bitcoin started rising from around 74,000 and reached near 74,800, but the upward momentum weakened. During the pullback, it briefly broke below 74,000 but was quickly pulled back, then mostly oscillated around 74,300, maintaining a complete range structure; Ethereum, supported by the 2,350 level, rose to above 2,390 before also pulling back, retracing to around 2,350 for stabilization, currently fluctuating narrowly near 2,360. Overall, the market faces resistance during the upward move, but support below is also clear, and the main feature now is the repeated tug-of-war within the range.

　　From the structure of the Pyan chart, Bitcoin’s four-hour timeframe remains in a consolidation phase within an uptrend. The 74,500-74,800 zone forms a temporary resistance band, repeatedly tested without effective breakthrough, indicating selling pressure still exists in this area; the 74,000 level below is a short-term key support, which can quickly recover during retracements, showing high support validity. Although the moving averages are showing signs of flattening, the overall remains in a bullish alignment, with MACD pulling back from high levels and gradually converging, indicating that the bearish momentum has not continued to expand. On the one-hour chart, the market oscillates around the central pivot, with the lows gradually rising, and no structural damage occurring. For Ethereum, the four-hour timeframe shows the 2,375-2,400 zone as a clear resistance area, with the 2,350 level below as short-term support, tested multiple times without breaking. The moving average system also maintains a bullish structure, with retracements mainly reflecting corrections rather than weakening, and the one-hour chart’s center of gravity gradually moving higher. Overall, the current phase is a consolidation during an upward process, with the structure intact and still viewed as a bullish trend. #加密市场回升 $BTC