Reviewing the intraday market, Bitcoin overall shows a "bottoming out and rebounding, narrow-range consolidation" trend. The price declined after facing resistance at yesterday's high of 72,858, with a shock downward, touching a low of 70,428 in the afternoon, then gaining support and gradually rebounding. The afternoon rally pushed the price back to around 7,100 for consolidation, with a retest in the evening dropping again to around 70,400 to halt the decline and give some rebound strength. The entire day exhibits a V-shaped pattern of first falling then rising, with the low of 70,428 not breaking below the 70,000 threshold, and the high of 72,377 failing to surpass the previous high of 72,858. The fluctuation range is nearly 2,000 points, with bulls and bears repeatedly tugging within the 71,000-72,000 zone. Regarding Ethereum, it repeatedly tested the 2,160 level intraday without success for a rebound, currently rising to a high of 2,230 before facing resistance. The current price remains around 2,200, consolidating within this range.

On the four-hour chart, after yesterday's large bullish candle broke out, today closed with a small bearish candle with a long lower shadow, forming a "bottoming out and rebounding" structure, indicating strong support in the 70,400-70,500 area below. Although the candle body is small, the low has not broken below the previous breakout platform of 70,300, which is a normal retracement after a big rally for confirmation. From a trend perspective, the upward channel since the low of 64,900 remains intact, with higher lows gradually rising. Currently, the bullish momentum is stronger, but there has been no further testing of resistance at high levels. Both the high and low points are in a phase without volume expansion, still in consolidation. In the short term, indicators are in overbought territory and have not yet signaled further correction, so a short position could be considered for downward targeting.

Bitcoin can be shorted around 72,500, with a target near 71,200. Ethereum can be shorted between 2,220-2,240, with a target around 2,160. #加密市场小幅下跌 $BTC $ETH