Bitcoin overall shows a volatile and weak shock pattern, with a small rebound starting from the low of 68880 in the early morning, encountering resistance and pressure after climbing to the 71280 short-term resistance zone during intraday trading. The bulls' momentum is gradually exhausted, prices are falling back in oscillation, failing to break through key resistance levels, maintaining a weak consolidation pattern within the range. Ethereum's trend maintains high correlation with Bitcoin, synchronously rebounding from the 2100 low, quickly falling back after reaching the 2165 high, with continuous weak momentum, and the linked weakening characteristics are prominent, with bulls lacking sustained momentum support for counterattacks.

On the daily timeframe, the uptrend channel shows obvious signs of turning over. After experiencing the earlier small rebound and bulls' momentum exhaustion, the market failed to maintain a strong counterattack momentum, instead falling into a high-level shock topping and divergence pattern. Bearish momentum is gradually accumulating, MACD indicator on the daily level forms a high-level death cross and continues downward divergence, RSI indicator pulls back from the neutral zone to the weak range, the moving average system simultaneously turns downward forming resistance. This pattern indicates that the market trend has switched from bull-dominated to bear-dominated volatility, the short-term uptrend has been completely broken, and correction risks continue to intensify. The four-hour timeframe continues the weak volatile tone, with prices always running weak along the lower band of Bollinger Bands, multiple attempts to probe the upper band resistance have all failed, showing technical characteristics of rising back and center of gravity gradually lowering, further consolidating the operational foundation for the daily level bearish pullback. Current market rhythm shows that bearish forces continue to be released, short-term rebounds that appear during this period are not trend reversal signals, but typical bull-trapping wash-out actions, with the core purpose of exhausting bull momentum and accumulating strength for further pullback. Early morning operations today should still focus on using rebounds to layout short positions.

Specific operational suggestions: Continue to pay attention to the pressure situation in the 71200-71800 range and the 73800-74500 range above. If the critical level is tested without breaking, you can try shorting from highs, with downside space of 500-6000 points. Standing firm above 75000 would be considered a trend reversal.
#贵金属领涨