Big pie this morning continued yesterday's weakness. After opening, it rebounded slightly to around 70800 before facing selling pressure and declining all the way down, touching the 70300 level. Currently showing minor retracements with limited strength, oscillating narrowly around 70500. Ethereum moved in line with big pie, once recovering to around 2170 before facing pressure and retracing to near 2145 on the short-term pullback. The overall outlook remains the previous high-short bias unchanged.

From the daily timeframe perspective, big pie formed a doji yesterday, and if it continues closing bearish today, it will form a "evening star" bearish pattern. The daily K-line remains below the moving average system with short-cycle tops pointing downward creating resistance. The daily-level adjustment pattern remains unchanged. The prior decline has destroyed the bullish structure, and current rebounds are more technical oversold recoveries rather than trend reversals. From the 4-hour chart structure, this rebound can only be defined as technical recovery within a downtrend. After falling from the 75998 high, the chart formed a clear descending channel with declining highs and lower lows. Recent rebounds, though once breaking through 71000, failed to hold and have been pushed back down. The 71000-72000 zone above represents a strong resistance area formed after support breakdown and is also the pressure level of the descending trendline. Looking at the rebound pattern, price faced clear pressure after touching key resistance, failing to break the previous high for two consecutive days, indicating heavy selling pressure above and exhausted bullish momentum. Maintain the bearish outlook.

Big pie can short at 70800-71300, targeting around 69000. Ethereum (Auntie) can short at 2160-2180, targeting around 2100. #加密市场回涨 $BTC $ETH