Reviewing the early morning market, Bitcoin gradually recovers along with the trend, steadily stabilizing above the 72,000 level. As various positive news lands, the short-term resistance of Bitcoin at around 72,500 has been broken with increased buying volume, leading to a short-term rebound. The early session's highest rise reached near 74,900 but faced resistance. Ethereum shows a stronger bullish structure; after a phase of upward movement, it broke through the key resistance at 2,250 with increased volume and surged higher. Currently, it has peaked near 2,395 but faces resistance, and in the short term, it remains oscillating around 2,370 for consolidation. After a loss of 500 points from shorting Bitcoin early on, a long position was entered at 72,500, closing around 74,300 for a profit of 1,800 points. After a 25-point loss from shorting Ether and exiting, a long was entered at 2,250, closing around 2,340 for a profit of 90 points. When market positive news floods the scene and the trend breaks out in tandem, it becomes impossible to maintain a single-direction stance indefinitely.

Looking at the current chart, the daily line again shows a large bullish candlestick with upward exploration. Overall, the price broke through the previous downtrend line resistance, and the intraday gains have also engulfed the previous decline. It is in the stage of attempting to reach a new high around 3,000. Currently, further recovery of the major cycle indicators does not show signs of overbought conditions, so the overall market remains in a strong structure. However, it is worth noting that the overall upward movement is mainly driven by news factors, and attention should be paid to potential corrections later. Combining the four-hour chart, the upward break of the major cycle's downtrend and the attempt to test resistance have not succeeded. Short-term indicators show signs of overbought, and the KDJ indicator is also facing resistance at high levels. Considering entering light positions for shorting at high levels.

Bitcoin can be lightly shorted in the range of 74,500-75,000, with a long-term target of 73,200-72,000-70,450. Ether can be lightly shorted at 2,375-2,395, with targets around 2,330-2,250-2,180. #加密市场小幅下跌 $BTC $ETH