Bitcoin's recent high-level fluctuations are still ongoing, and the rebound momentum is clearly weakening, leading to a more cautious market sentiment. From the four-hour chart, BTC surged again last night, attempting to break through the recent top area, but was immediately pushed down, leaving a long and unattractive upper shadow. This indicates significant selling pressure above and that the bullish strength is gradually diminishing.

Ethereum performed relatively better and showed signs of an independent rebound, but ultimately still follows BTC's rhythm. Once Bitcoin faces resistance and pulls back, ETH's rebound slows down. The overall market atmosphere is becoming increasingly bearish, which is a very clear signal.

From this technical structure, the buying momentum is indeed limited. Key resistance levels continue to suppress the price, and the short-term space for further upward movement is shrinking. Will the rebound continue? That’s the question. If the current resistance cannot be effectively broken through later, it’s easy to fall back into a downward oscillation channel.

In terms of trading strategy, it’s best to follow the market rhythm closely, watch for signs of continued pressure near resistance levels, and once confirmed, consider opening short positions to profit from the pullback. But remember one thing: fluctuations at this stage are common, so be sure to control position size before entering and set stop-loss orders in advance. The risk of a sudden surge in the rebound can appear at any time, so don’t let an unexpected rebound wipe out your account.