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Reviewing the intraday market, Bitcoin remains in a weak structure during the daytime session, continuously testing the support level at 70450 after the weekend. The intraday rebound has not yet broken through any high points. After multiple dips and rebounds, the US stock market opened in the evening, pushing the price higher and testing the upside. Overall, the market has entered a phase of partial recovery for the bulls. Currently, the highest rise in the evening reached around 72500 but faced resistance, and it is still fluctuating around 72200. As for Ethereum, it tested the key resistance at 2180 today but failed to break through, leading to a phase of volume-increasing rebound. The highest in the evening reached around 2230 but encountered resistance, with volume decreasing now, and it is mainly fluctuating around 2220. Today, a successful long position on Bitcoin yielded a profit of 600 points, and the short position entered in the evening is still being held. Ethereum's two short positions were both closed with a profit of 45 points each.
From the current chart, the daily timeframe remains in the tail end of a triangle pattern, consolidating with oscillation. The high levels are still under pressure from the current larger cycle's downward suppression, while the support at the bottom remains from the previous upward channel. The short-term movement is likely to continue oscillating, which will help determine the overall trend. Combining the four-hour chart, during the daytime, Bitcoin tested support at the lower levels around the bottom, and the evening volume recovery was a phase of upward testing. The indicators show a golden cross on the KDJ, indicating a phase of volume recovery. The key point now is whether the market can further recover and stabilize on the four-hour chart. The US stock market opened in the evening, pushing prices higher with volume, but overall, the closing remains hindered by the 72000 level. Currently, after a rebound, the market is at a high level of consolidation. Until the four-hour chart stabilizes above 72000, the outlook remains cautiously bearish.
Bitcoin's immediate key resistance is at 72500. The short-term strategy is to short around 72000-72500 with targets at 71200-70450. The Ethereum short can be taken at 2220-2235, with a target near 2180. #加密市场小幅下跌 $BTC $ETH