Based on the overnight trading rhythm, Bitcoin gradually moved higher in the early morning, with the market focus continuously shifting upward, reaching around 73,400 at one point. However, the upward momentum was insufficient, and resistance at high levels gradually became apparent. Subsequently, the market entered a phase of alternating decline and consolidation, with multiple rebounds failing to break new highs, and the overall center of gravity beginning to slowly shift downward. After entering the morning, the price oscillated within a range, showing some convergence characteristics, but in the afternoon, it dipped again, pushing the price back to around 72,700. Ethereum's movement was largely synchronized, rising to about 2,255 in the early morning before encountering resistance and falling back. The rebound strength gradually weakened, with the market oscillating downward, hitting a low near 2,230 in the afternoon, mainly showing a weak correction after a rally.

From the current market structure, Bitcoin has gradually formed a pattern of high-level oscillation turning weaker on the 1-hour and 4-hour charts. The highs failed to continue rising and instead showed a step-by-step downward pressure, while the rebound volume was insufficient, indicating persistent selling pressure above. Currently, attention is on the 73,500–73,800 resistance zone, which has repeatedly blocked attempts at a phase rebound. If the price cannot stabilize above this area, the market will remain weak; support levels are at 72,200–71,800. If broken, the downside space will open further. Ethereum also shows a high-level consolidation with a weakening structure, with resistance around 2,255–2,270 and support between 2,210–2,180. Overall, the market remains in a bearish structure. It is recommended to continue mainly with short positions on rebounds, waiting for the price to retrace to key resistance zones to gradually establish short positions, avoiding chasing lows. The trading rhythm should focus on participating in rebounds. #Gate现货衍生品双双冲进全球前三 $BTC