Bitcoin’s early-session pullback has tested the area around 70,400 to halt the decline. It is currently in a stage of a rebound. The short-term downside structure has not been continued, and the bottom support structure is relatively strong. The short-term consolidation also falls within a normal rebound. To confirm a bullish momentum shift and market reversal, focus on whether it can hold and stabilize above the 72,000 level to achieve a market change and consolidation. As for trading, you can still consider taking it with the mindset of watching the situation.

As for Ethereum, the market is in a pullback phase. It is currently being resisted around the middle rail position. There has been continuous consolidation throughout the day. The MACD has already formed a death cross. At present, trading volume is sluggish and has not brought further volume expansion, so any further pullback in the future will still need volume expansion during the U.S. market session.

For now, for Bitcoin, first focus on support at 70,300. For Ethereum, watch the support structure at 2160. #加密市场小幅下跌 $BTC $ETH