Bitcoin is showing a weak oscillating pattern at high levels intraday. After a slight surge from the 70650 line in the early morning, it failed to sustain the momentum and subsequently came under pressure and retreated, testing support levels multiple times with the lowest reaching the 69680 area. Overall, the upside momentum is weak and oscillations are declining. Ethereum is moving in sync with Bitcoin, pulling back quickly after a slight surge from 2148 early in the session, touching lows of 2102, with obvious coordinated weakness and cautious market sentiment.

On the daily level, the upward pace has clearly slowed. Price is oscillating repeatedly at previous highs without effectively breaking through key resistance. Short-term bullish momentum is gradually diminishing. The moving average system has shifted from resonant uptrend to horizontal convergence, with the uptrend structure loosening. The pattern has transformed from strong bullishness to high-level oscillating consolidation, with insufficient phase-specific upside momentum and a need for correction. The four-hour level shows a pattern of surging and pulling back, with price encountering resistance multiple times when probing the channel upper rail and falling back. Short-term pivot points are gradually shifting lower, bull attack intensity continues to weaken, and technicals are gradually turning to weak oscillations.

Currently, the overall market is under pressure at high levels with shrinking volume. Intraday minor rebounds are merely technical corrections, not trend reversal signals. Selling pressure from above remains heavy with lackluster appetite for chasing rallies. Short-term pullback intensity is gradually increasing. Main force is mainly engaging in oscillating washouts to digest high-level chips. Today's trading strategy shifts to shorting during rebounds, with directional highside shorting as the core strategy.

Specific operation suggestions: Pay attention to resistance at the 71600-72300 and 72800-73500 zones above. Try shorting at high levels when these zones show resistance and pin action. Target 500-6000 points of downside space.
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