Since early Pyan, Bitcoin and Ethereum have been moving relatively steadily overall, with the market mainly fluctuating within a certain range. Bitcoin started rising from around 74,000 to near 74,800, but the upward momentum weakened. During the pullback, it briefly broke below 74,000 but was quickly pulled back, then mostly oscillated around 74,300, maintaining a complete range structure; Ethereum, supported by the 2,350 level, rose to above 2,390 before also pulling back, retracing to around 2,350 to stabilize, currently fluctuating narrowly around 2,360. Overall, the market faces resistance during the upward move, but support below is also clear, and the main feature now is the repeated tug-of-war within the range.

From the market structure perspective, the four-hour timeframe of Bitcoin remains in a consolidation phase within an uptrend. The 74,500-74,800 zone has formed a temporary resistance band, repeatedly tested without effective breakthrough, indicating selling pressure still exists in this area; the 74,000 level below is a short-term key support, which can quickly recover during pullbacks, showing high support validity. Although the moving average system shows signs of flattening, it still maintains a bullish alignment overall. The MACD has retreated from high levels and is gradually converging, with no sustained increase in bearish momentum. On the one-hour timeframe, the market oscillates around the central pivot, with the lows slowly rising, and no structural damage. For Ethereum, the 2,375-2,400 zone on the four-hour chart is a clear resistance area, with the 2,350 level below serving as short-term support, tested multiple times without breaking. The moving averages also remain in a bullish structure, with retracements mainly reflecting corrections rather than weakening, and the one-hour chart's center of gravity gradually shifting upward. Overall, the current phase is a consolidation during an upward process, with no break in structure, still viewed with a bullish bias. #加密市场回升 $BTC