Looking at this week's market trend, Bitcoin and Ethereum generally showed an initial oscillation and upward movement, with a period of consolidation at high levels in the middle of the week, followed by a pullback after reaching highs. At the beginning of the week, the market gradually moved upward from lower levels, with Bitcoin steadily rising from around 66,000, despite some pullbacks, the overall focus kept shifting higher; Ethereum also moved higher around 2000, with a relatively consistent rhythm. Subsequently, in the middle section, a volume-driven surge appeared, with Bitcoin quickly breaking through the 70k level, and Ethereum also rising to a stage high, with market sentiment clearly strengthening. During the high-level phase, both entered sideways consolidation, with bullish and bearish divergences gradually emerging, but overall remaining in a strong zone. Toward the later stage, as selling pressure above was released, Bitcoin quickly retreated after forming a high near 73,700, and Ethereum after reaching around 2,329, the short-term structure was broken, shifting the market from strength to weakness, ultimately closing at a relatively lower position, with a noticeable retracement of the weekly gains. During the intra-week consolidation, both bullish and bearish sides participated in the consolidation operations, not just a single-direction hold, but flexible switching based on the structure of the consolidation surface, achieving good overall gains, and multiple key nodes were accurately timed during the follow-up.

From the current consolidation structure, the weekly upward trend remains intact, but the daily and 4-hour charts already show clearer signs of weakening. Bitcoin, after reaching a high of 73,700, formed a lower high, accompanied by volume-driven pullback, and is now back below 71,000, indicating heavy selling pressure above and a short-term shift to a sideways and weak rhythm. Key support below is around 70,000–69,500, which is a dense area of previous consolidation. If this support is broken, further retests of 68,000 are expected; resistance above is around 72,000–72,500. Until it can stabilize above this zone, rebounds are more likely to be corrective. Ethereum, after falling from the high of 2,329 and breaking below the key support at 2,250, also shows a weakening trend. Support below is around 2,150–2,100, with resistance concentrated between 2,220–2,250.

In terms of trading strategy, the current phase should mainly focus on short positions. The market has shifted from a strong upward surge into a correction phase after reaching high levels. In this structure, buying is less cost-effective and more prone to being eroded by oscillations. The rhythm suggests waiting for a rebound to the resistance zone to gradually establish short positions. Bitcoin should be watched around 72,000 for resistance, Ethereum above 2,220, with targets set for retesting support zones below. Only when the market volume breaks through and stabilizes above key resistance zones, and the structure shifts back to strength, should the strategy be reconsidered; otherwise, maintain a short-term bearish outlook. #Gate现货衍生品双双冲进全球前三 $BTC