Reviewing the intraday market, Bitcoin first experienced a sharp decline with increased selling volume, leading to a phase adjustment in the price. The lowest dipped to around 73,800 before rebounding, then from the morning to midday, it surged to around 74,700 before facing resistance and pulling back. At midday, it fell to the 74,000 level, encountering resistance and rebounding. As further news in the afternoon stimulated the market, the price mostly fluctuated around 74,500-75,500. Currently, the market has recovered to around 75,500, with the key focus on whether it breaks above this level. Ethereum's approach is similar to Bitcoin's: early in the day, it tested the bottom at 2,250 and rebounded, with the highest reaching 2,330 before facing pressure. It remains around 2,300, fluctuating and adjusting. Today, we positioned long positions in the morning, riding the rebound into the afternoon, and after a push higher, we set short positions to catch pullbacks, which yielded some profit. Overall, Bitcoin gained 3,350 points, and Ethereum gained 115 points. Both the high and low points were anticipated, and support and resistance levels were pre-placed, leaving no reason to miss the opportunity.

Looking at the current chart, after two consecutive days of closing with a bearish candle, the market turned bullish again, recovering yesterday’s retracement. The pattern still indicates a high-level consolidation, with the recent high under pressure at the 120-day moving average. The overall recovery remains within the range, but there is still potential for resistance and correction. The pattern is still within an upward channel, and the pullback at the bottom has not yet seen increased volume. The short-term focus remains on whether the price breaks through key levels. On the four-hour chart, a head formation has emerged, with the current shoulder in correction, corresponding to previous highs. The current correction range is between 73,200 and 76,000. If it continues to break downward, forming a further head and shoulders pattern, it could trigger increased selling volume. The 120-day moving average has risen again to around 72,000. If a further breakdown occurs, it may be an opportunity to go long near the moving average. Currently, the price has recovered to the midline but remains under pressure at the top of this cycle’s range, leaving room for further pullback. The trading strategy remains focused on short positions.

Bitcoin can be shorted around 75,500, with support levels at 73,800-73,200. Ethereum can be shorted between 2,305-2,330, with support at 2,250. #加密市场小幅下跌 $BTC $ETH