The entire morning session shows a pattern of "rising sharply - pulling back - consolidating again," with the high of 72,743 failing to break further. The price retraced to around 71,200 for brief support. Currently, the bulls and bears are facing resistance at the 72,000 level after a rebound, and the price remains oscillating around 71,700. This movement is a normal correction after a strong rally, as a rapid increase requires time and space to digest profit-taking. Whether the market can stabilize and continue to rise depends on whether it can hold above the 72,000 resistance level. Ethereum's correction is mild, with a low of 2,220 stopping the decline and rebounding, with the price recovering and pushing up to around 2,250 before facing resistance. After a loss on short positions overnight, early morning long positions at low levels have yielded some profit. Although not fully recovered from losses, operating based on the current market structure remains relatively straightforward.

From a daily chart perspective, Bitcoin closed yesterday with a full-bodied large bullish candle. Today, it is forming a small bearish candle with upper and lower shadows, indicating a doji after a big rally. The daily candlestick has broken above all short-term moving averages. The MACD has a bullish crossover and is diverging upward. Currently, the overall trend remains bullish, but whether the price can recover further or is blocked by the upper band remains uncertain. Although the recovery has returned to the previous upward channel, whether it can break through the major downward trendline on the longer cycle is still unknown. From the four-hour chart's naked K-line structure, a large bullish candle yesterday morning directly engulfed the decline of the previous three days, forming a strong bullish engulfing reversal pattern. The price effectively broke through the previous high of 70,332. Moving forward, attention should be paid to whether the four-hour chart can further stabilize above the previous high resistance at 72,000, and if it breaks through, it could extend upward to around 73,500. If it cannot hold above, consolidation and correction are expected. Currently, the strategy is to follow the trend and maintain a bullish outlook.

Bitcoin can be bought at 71,200-71,500, with targets of 72,300-73,500. Ethereum can be bought at 2,220-2,240, with a continuation target of 2,280 and possibly 2,330 if broken. #加密市场回升 $BTC $ETH