Intraday market movements have rebounded as expected, with the overall relative price showing a slight upward push. Currently, Bitcoin has recovered to around 68,000 but has not shown further continuation. Ethereum also rose to around 2060 before encountering resistance. The overall market remains volatile with a clear oscillating pattern. The upper resistance levels still exert pressure, and the strategy moving forward is to watch for the high and low points without breaking resistance. The overall trend is likely to continue oscillating until a clear direction emerges.

Looking at the current chart, the four-hour timeframe shows a typical pattern of oscillation around the middle band. The dip and bottom test in the early morning indicate a potential bottoming signal. Once the bottom is confirmed, observing for volume expansion and structure will be necessary for further recovery. The key resistance remains at the 70,000 level. In short-term trading, be cautious of short positions at high rebound points, and for low positions, refer to the early session entry points.

For Bitcoin high-level short positions, consider placing light positions around 68,200-68,700, targeting 67,000-66,500. For Ethereum, a light short at 2060-2080, with a focus around 2000. Maintain a sideways trading mindset for the day and wait for the US market session.