Early morning market remains in a bullish phase with periodic volume expansion. Bitcoin moved higher, currently recovering past the 75,000 level but faced resistance and pulled back. Overall, it is still in a consolidation process. Regarding the recovery, the overall correction strength is still relatively small. As for Ethereum, it tested resistance near 2,380 again in the early morning, but the market has not shown further attempts at recovery, currently oscillating around 2,350. The overall market still appears somewhat strong, with clear resistance levels at high and low points. The key in the future is to watch for breakout situations to determine continuation.

Looking at the current chart, the daily candle shows a bullish engulfing pattern, indicating strong bullish momentum. However, after reaching the upper band, it still faces resistance. Strong market moves often recover and then undergo some correction. Currently, the correction strength is still relatively small. The bulls continue to recover, and if they break and stabilize above 75,000, the bullish trend may extend further toward the 120-day moving average. Combining the four-hour chart, high levels have not shown further breakout attempts. Yesterday, a phase of bottoming formation occurred, more like a stage of correction. The focus now is on whether a key top or bottom can form during the rebound. The MACD indicator shows that the fast and slow lines are unlikely to form a death cross, so the key is whether this divergence can develop. Once formed, it will likely lead to a significant pullback with increased volume. In terms of trading strategy, early in the session, maintain a light short position outlook.

Bitcoin can be shorted lightly at 75,000-75,500, with a re-entry around 77,000 if it rebounds, targeting around 73,000. Ethereum can be shorted at 2,360-2,380, with a target near 2,300. #美军封锁霍尔木兹海峡 $BTC $ETH