In the afternoon, after the market rebounded overall, it continued to push higher and then faced resistance around 76,300, pulling back under pressure. Currently, the spread has been adjusted downward to around 75,000 and has met some resistance, with the current spread staying in consolidation around the 75,500 level. As for Ethereum, its price action has been following the same pattern as Bitcoin: after a rebound attempt at 2,380 to probe a key resistance level, it pulled back. With the spread coming into a phase of adjustment and pullback, the adjustment around 2,335 met resistance and rebounded, then once again regained the 2,350 level for consolidation.

Judging from the current market, the four-hour chart shows a long upper wick, indicating consolidation and a pullback. Overall, the spread is still running near the upper band, and the candle close has not yet firmly held above the 76,000 level. In terms of the overall price action, it still has a relatively strong structure, but the recent strength and recovery has not brought about a phase of consolidation. The downside consolidation is mostly a “pin” type of adjustment; the strength of the bulls’ recovery is not very strong. In the evening, continue to watch whether U.S. stocks will further extend their strength and push higher. For trading, it is still recommended to mainly maintain a bearish outlook.

Bitcoin can be shorted at 75,500-76,000, targeting 74,500-73,200. Ethereum can be shorted at 2350-2370, targeting around 2300. #山寨币强势反弹 $BTC $ETH