#美SEC促进加密资产创新监管框架 Bitcoin and Ethereum continued their wide-ranging consolidation pattern this week, with market sentiment still in a state of tug-of-war between bulls and bears.

From the market perspective, the market makers' shakeout tactics are becoming increasingly direct and aggressive—fluctuations of several thousand points back and forth each day. While it seems like opportunities are everywhere, the short-term price swings often reach their extremes within a single candlestick, leaving retail investors with insufficient time to react. The bull trap set up around midday was missed, and those who jumped in mid-way now face limited room for maneuver. At this stage, this is a standard consolidation market pattern, with opportunities on both the long and short sides before a clear direction emerges.

**$BTC Trend Analysis**

Short-term, small time frames are showing weakness, with the key lying in the strength of the overnight rebound. If the rebound overnight can break through the 9100 resistance level and hold, it would indicate the end of the small-scale pullback and could usher in a rally; conversely, if it fails to break and hold above this level, continuing to short on the right side would be a safer option. On the downside, close attention should be paid to the 8890-8760 support area; those looking to go long on the left side can consider entering near 8890.

**$ETH Trend Analysis**

Ethereum has been relatively more resilient, but on the hourly chart, it has already broken below the middle band, indicating continued downward pressure. For the overnight rebound, watch the resistance at 3135. If the rebound reaches this level but fails to hold, following the downward trend on the right side will be the better choice. Key support levels below are at 3087, 3026, and 2978; left-side bulls can consider building positions in batches around 3026.

The current market rhythm is strong, requiring both patience to wait for a clear direction and decisiveness to seize emerging opportunities. Changes in the US regulatory environment continue to impact market sentiment, which is worth close monitoring moving forward.