The intraday market continues to fluctuate and consolidate, with a bearish volume increase in the evening leading to a decline, breaking the previous high-range consolidation. Currently, the coin price has fallen back to around 74,300 for consolidation and may further extend to the 74,000 level. The market is in a normal correction phase, and attention should still be paid to the breakout situation after consolidation, continuing to wait for volume to pick up during the US session. Regarding Ethereum, it follows Bitcoin's pattern, breaking below the intraday white session's 2,360 range and dropping back to around 2,330 for consolidation. Our short positions set up today have already taken profits and exited, with Bitcoin gaining 700 points and Ethereum gaining 25 points. Overall, the bullish volume has faced some resistance. Currently, the market is in a bearish tone, waiting for further downside continuation if the break occurs.

From the current chart, the four-hour midline is rising, further approaching around 74,000, while Bitcoin is in a phase of oscillating downward. Although the market remains relatively strong, once the midline breaks, the bullish momentum will be significantly hindered. Coupled with the MACD death cross forming a divergence signal, there is room for further deep retracement. It is hoped that breaking the four key levels will lead to a pullback, with attention on the bottom of this upward channel, currently near 73,200. In the short term, the pattern is a descending wedge, indicating the market is still in a downward exploration structure. The focus moving forward is on whether the break below support occurs.

Bitcoin can be shorted between 74,500 and 75,000, with a target near 73,200. Ethereum can be shorted between 2,340 and 2,360, with a target near 2,300, and if the break continues, look toward 2,250. #加密市场回升 $BTC $ETH