The intraday Bitcoin and Ethereum trends are showing a typical "rise and fall, oscillating downward" pattern. In the early morning hours, Bitcoin's price briefly surged above 74,000, releasing some bullish sentiment, but then faced obvious resistance at higher levels. The market failed to sustain a strong breakout and gradually entered a consolidation and decline phase. As evening approached, divergence among funds intensified, causing the price to continue drifting downward. Multiple rebounds in the evening failed to break above key moving averages, and bears gradually took control, with the price dropping to around 70,750. Ethereum's movement was largely in sync with Bitcoin, reaching a high of around 2,199 in the morning before also experiencing a clear pullback. During the day, attempts to rebound were limited by the middle Bollinger Band and moving averages. In the evening, bearish pressure pushed the price down to around 2,055. Throughout the day, after multiple tests of key support levels, technical rebounds occurred. My main strategy during the day focused on buying on dips, entering long positions when the price fell to critical support zones. These long positions were successfully realized during rebounds, allowing for a structural bounce. Looking at the overall daily structure, market sentiment has shifted from high-level chasing to cautiousness or even panic. Many traders have been repeatedly shaken out during the oscillations, which is common in choppy markets. The true trend often only becomes clear after most traders lose patience.

Regarding the current market, Bitcoin on the 1-hour chart has broken below the short-term moving average support, with MA lines showing signs of turning downward. The price center continues to shift lower, and the short-term structure is gradually leaning toward a bearish trend. On the 4-hour chart, after a previous rally, the price failed to break through the upper resistance zone effectively and has now fallen back near the middle Bollinger Band. The Bollinger Bands are beginning to contract, indicating the market is entering a phase of direction selection. Meanwhile, the MACD momentum histogram is gradually shrinking and shows signs of a potential death cross, suggesting bullish momentum is weakening. The key resistance zone for Bitcoin is around 72,000–72,500, which overlaps with the 4-hour moving averages and previous high-volume trading areas. The important support level is at the 70,000 mark. For Ethereum, the 4-hour chart also shows clear resistance above 2,120–2,140, with key support at 2,050–2,020. Based on the combined analysis of moving averages, Bollinger Bands, and MACD momentum, the short-term market trend is shifting toward a bearish structure. Future trading strategies should focus on shorting rebounds. For conservative traders, it is advisable to wait for the price to rebound to key resistance zones before entering short positions, following the current downward trend. #加密市场上涨 $BTC