Reviewing the early morning market, overall it remains in a correction phase where attempts to push higher are followed by pullbacks, constantly testing the resistance levels on the current chart. Bitcoin dipped to around 73,700 in the early hours, then stopped falling and recovered, indicating a phase of rebound. Currently, it is consolidating around 74,100. As for Ethereum, it showed some weakness in the early hours, but the 2,300 level was not broken, and it remains within the 2,300-2,330 range for consolidation. During the daytime, the focus is on the overall short-term rebound strength in the white trading session to determine whether the bears still hold dominance.

From the current chart, the bullish forces in the market appear somewhat exhausted in the short term. The price has attempted to rise twice but failed to firmly break above the resistance levels. The four-hour candlestick chart shows a clear resistance-reversal pattern, indicating a technical need for a correction. However, the market has not shown signs of a one-sided decline. After retracing to previous key lows, the downward momentum did not continue, and volume analysis also indicates strong support below. Nonetheless, the short-term rebound cannot change the overall trend of further pullbacks to test the bottom structure. In terms of trading strategy, focus on shorting after rebounds.

Bitcoin can be shorted in the 74,200-74,700 range, with targets at 73,200-72,500. Ethereum can be shorted around 2,330, with targets near 2,250. #加密市场回升 $BTC $ETH