# Intraday Market Review

Reviewing today's intraday action, Bitcoin rebounded to around 74,700 in early trading but pulled back under pressure. The market maintained consolidation throughout the day with range continuation. Evening brought significant short volume, and as the price broke below the oscillation support level, the shorts accelerated lower. Currently, the price has pulled back and is oscillating around 71,000.

Regarding Ethereum, intraday retracement to 2,350 faced selling pressure and pulled back. The daily oscillation range continues with the key support at 2,300 being maintained. Evening synchronized with Bitcoin's volume decline, and price has currently dropped to oscillate around 2,180.

Recently, whether in strategies or live sessions, I've been discussing key support levels with you all. Consolidation supports and resistance have been precisely predicted by us—how many of you have kept up? Recently, when Ethereum broke below the 2,300 level, I reminded everyone to look directly at below 2,200—how many of you remember? People grow through failure, just like when many of you missed out while we profited, that's when you understand our professionalism. On actual trading today, Bitcoin locked in 3,600 points total profit, Ethereum locked in 130 points total profit, with evening short positions still being held.

# Current Chart Analysis

From the daily perspective, after pulling back under pressure from highs, the market faced another volume increase, retracing nearly three days of gains. The price has returned to the previous consolidation range. Technically, indicators are unhealthy with KDJ showing a high-level bearish cross, and MACD fast and slow lines hovering near the zero axis. Further downside remains possible, with attention on the Bollinger Band middle band near the 70,000 level. Looking at the four-hour chart, high-level consolidation followed by consecutive bearish candles broke the uptrend structure. Recent strong resistance at the middle band has weakened as support below broke. Currently, after Bollinger Band narrowing and pullback to the lower band, there's a short-term reversal signal, but this doesn't mean no further downside—rather consolidation in the short-term. With the 120-day moving average coordinating with the daily middle band, the 70,000 level can be viewed as current strong resistance and our target for high-level shorts. If Bitcoin breaks further below 70,000, watch the 66,000 support below.

**Bitcoin:** Short at 71,700-72,000, targeting 70,000 nearby.
**Ethereum:** Short near 2,200, targeting 2,130-2,070.
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