Reviewing the early trading session, a rebound should come sooner; the pressure around 78,500 still indicates a sideways consolidation, and intraday dips to around 77,500 still face resistance. Ethereum's movement is basically consistent with Bitcoin's, with a dip to the 2300 level being resisted and a rebound occurring, currently still consolidating around 2310. The trading approach is largely in line with our morning analysis, with no significant volume increase from both bulls and bears, indicating a consolidation phase preparing for the evening. Structurally, resistance at higher levels remains, and the main bearish outlook stays unchanged, but avoid overly aggressive shorting.

From the current market perspective, on the four-hour chart, the price continues to move within the previous consolidation range, with a dip to the midline being resisted and a lower shadow forming. The lower shadow is gradually rising, but the highs are not progressively higher; instead, they are gradually declining, forming a new triangle range. The sideways trend is still ongoing, and attention should be paid to potential breakouts. On the indicators, the MACD shows a death cross at high levels, signaling a divergence, but as long as key support levels are not broken, it’s not enough to aggressively short the market. Wait for further dips to break below 77,000 before considering continuation.

Bitcoin can be shorted between 78,000 and 78,500, targeting around 77,000. Ethereum can be shorted at 2330, with attention to whether 2300 is decisively broken. #加密市场行情震荡 $BTC $ETH