Reviewing the intraday market, the morning session continued to rise on positive news, but after short-term resistance at 74,900, it pulled back. During the daytime, the market remained above 74,000 with consolidation. As the US stock market opened in the evening, the bulls continued to volume up, pushing the market higher, with the highest surge reaching around 76,000 before encountering resistance and falling back. Currently, it has retreated to around 74,600 for consolidation. Ethereum and Bitcoin's price movements have been blocked at around 2,350 during the daytime rebound, and in the evening, with increased volume, they surged to around 2,417 before facing resistance. Now, they are pulling back to around 2,330 for key support and consolidating. Regarding real trading today, early positions were light shorts, and after a high rebound in the evening, additional positions were added and held. As the market pulled back, short-term profits were taken, with Bitcoin gaining 2,000 points today, and Ethereum gaining a total of 100 points today.

From the current market perspective, after a daily continuous rally and surge, a long upper shadow has formed, indicating a generally strong trend, but the upper shadow suggests some pullback. Indicators show that after reaching overbought levels, the market faced resistance and showed signs of turning. The volume increase by the bulls was also a test of the previous high, which faced resistance. In the short term, the market is expected to undergo a phase adjustment. If a long upper shadow forms and the daily closes lower, it will indicate a shift to a bearish dominant trend. Looking at the four-hour chart, if the market surges further but fails to break key resistance and falls back, the large bullish candlestick will turn into a large bearish candlestick, with a pullback. The overbought condition has been somewhat corrected, but the downward turn still has room to continue. The KDJ indicator is currently high and sluggish, showing signs of a death cross, and the MACD fast and slow lines have fallen back to form a death cross, which could signal divergence and a deep correction ahead. Therefore, the market is likely to experience a significant correction, and the current strategy should mainly focus on high short positions.

Bitcoin can be shorted at 74,700-75,200, with targets at 74,000-73,200. Ethereum can be shorted at 2,350-2,370, with targets at 2,330-2,250. #加密市场回升 $BTC $ETH