The overall intraday trend is more inclined toward a pattern of repeatedly consuming energy within a high-range zone. Bitcoin initially surged to around 73,400 in the morning, but the upward momentum did not sustain, and it quickly entered a volatile pullback. The market oscillated around the 72,800 level, with several attempts to push higher, but it was unable to break through the previous high resistance. Instead, in the afternoon, it gradually shifted to a downward consolidation, and in the evening, there was a rapid decline to around 72,500, followed by some recovery. However, the overall rebound strength was limited, and the market's center of gravity had clearly shifted lower compared to the morning. Ethereum's movement was largely synchronized, reaching the 2,255 level in the morning before entering a weakening oscillation. Multiple attempts to rebound were unsuccessful, and in the evening, it dipped below 2,230 sharply before quickly recovering. The upward space remains constrained, with the entire day characterized by repeated tug-of-war within a high-range zone. Structurally, the trend has shifted from strong to weak, with increasing divergence among the oscillations.

From the current market structure, Bitcoin shows typical signs of weakening on the medium cycle, with highs no longer rising and lows gradually declining. The 4-hour timeframe shows clear resistance characteristics, indicating that selling pressure above is still being released. In the short term, focus on the resistance zone around 73,200–73,500, which overlaps with previous highs and dense trading areas. Multiple rebounds without breaking through suggest this remains a core area of bearish defense. Support levels are at 72,200–71,800; if the market falls back and breaks below these, it could form a secondary decline or even expand the downward space. Ethereum is also in a relatively weak consolidation structure, with resistance at 2,250–2,280 remaining effective. Support is at 2,215–2,190; if broken, it could open further downside potential. Overall, the current conditions do not support sustained upward movement and resemble a gradual weakening after a high-level consolidation. Therefore, the trading strategy should focus on shorting rebounds and avoiding chasing in the middle oscillation zone, following the structure to capture the continuation of declines. #原油小幅上涨 $BTC