$BTC $ETH Bitcoin and Ethereum remain focused on high-level resistance during the daytime; yesterday's market formed a typical bottoming and rebound pattern, with prices quickly dipping then being supported by funds, followed by a strong rebound that once pushed up to the 70,000 level. But the key point is—this level has not been effectively broken through and stabilized, and the previous downward structure remains intact, indicating that the trend weakening pattern has not truly reversed.

What does this mean? It shows that the chips above are still concentrated, selling pressure has not been fully released, and market sentiment remains cautious, with insufficient willingness to chase highs. The rally is more of a technical correction rather than a trend reversal.

On the chart, a clear V-shaped pullback is evident, with bulls and bears still engaged in fierce battle. After testing support, the bulls quickly counterattacked, driving the rebound; Ethereum is moving in sync with the correction, with the rebound high touching the 2150 level. After Bitcoin reached the 70,000 integer level, momentum began to weaken, trading volume was insufficient, the upward pace slowed, indicating that the resistance above remains effective.

Overall, the current situation leans more towards a oscillating correction pattern rather than a continuous trend. In the short term, a pullback for confirmation is likely, with prices probably returning to the middle band of the Bollinger Bands, seeking new support before deciding the next direction.

Bitcoin: Short around 69,500
Target: 68,000-66,000

Ethereum: Short around 2,130
Target: 2,030-1,970

In terms of operation, avoid blindly chasing highs. Pay attention to the pullback after rebound resistance, and at high levels, consider a short strategy first. Wait for the structure to become clearer.