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The intraday trend demonstrated a clear pattern of range consolidation followed by concentrated release. During the day session, Bitcoin continuously consolidated around 68,000, with multiple downward probes near 67,300 quickly reversed, while Ethereum maintained repetitive fluctuations above 2,020. The overall volatility was limited, but support underlaying was evident within the consolidation. Afternoon shorting pressure continued to push Bitcoin and Ethereum back to the intraday lows, however the decline did not expand further after touching key support levels. Later, stimulated by external factors, funds suddenly concentrated in the evening, directly pushing Bitcoin to 71,468 and Ethereum to 2,199 simultaneously, completing a rapid surge in a short timeframe. However, the resistance at higher levels did not persist long, with the market quickly pulling back, indicating significant profit-taking pressure remains overhead. Regarding intraday actual positions, the strategy was primarily focused on shorting from above. Afternoon short positions were timely exited near support levels below, with the core principle not being greedy for every extreme move, but rather securing confirmed profits first. Thanks to this disciplined approach, we successfully avoided the evening's sudden rally. Often, what truly creates the gap is not who sees further, but who better understands when to take and when to release at critical levels, because the market never rewards emotions—it only rewards those who truly follow discipline.
From the current chart structure, while Bitcoin's four-hour level did break above the previous high in the evening, the body hasn't truly stabilized, leaving obvious resistance traces at higher levels, indicating this rally was more of a short-term release driven by sentiment. Currently, price has returned to consolidate near the moving averages, still in a corrective phase following the surge. After consecutive pullbacks on the one-hour level, 70,000 has become the current most critical short-term support. Once this level breaks, the probability of further pullback toward 69,000 increases significantly. Above, attention should focus on 71,000 nearby, which is the primary resistance zone for short-term rebounds. Ethereum, after surging to 2,199 on the four-hour, similarly failed to extend, with significant pressure above 2,140. Currently around 2,130 is a critical short-term dividing line. Combined with external catalyst momentum gradually weakening, the current trading direction remains primarily bearish from above. #Gate13周年全球庆典 $BTC