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The Bitcoin price remains in a high-range consolidation during the morning session. Although there are attempts to push higher, it has not been able to establish a firm footing at high levels. Insufficient trading volume has led to a gradual weakening of upward momentum. Ethereum also repeatedly oscillates at relatively high levels, showing clear signs of stagnation. As time progresses, bullish sentiment begins to loosen, and in the afternoon, bears start to gain strength. After Bitcoin breaks below the consolidation range’s lower boundary, a wave of accelerated decline ensues, shifting the market rhythm from sideways to a one-sided downward trend. Ethereum similarly drops quickly after losing key support levels, indicating strong correlation between the two. From an intraday perspective, this decline is not sudden but a release of accumulated sentiment after repeated tests at high levels. The trend favors further downside, and those who execute well can secure good profits. The market is never short of opportunities; what’s lacking are the courage to act and the conviction to hold. Hesitation will only cause you to miss your profit opportunity.
Looking at the current market structure, Bitcoin shows clear signs of weakening on the 1-hour and 4-hour charts. The highs are gradually declining, and it has broken through previous key consolidation levels, indicating a bearish trend. Even if there is a short-term rebound, it is more likely to be a correction rather than a reversal. Key resistance is at the 71,000–72,000 zone, which was previously a zone of heavy trading and structural breakdown, serving as a strong resistance level. Support is at around 69,000; losing this level would open further downside space. Ethereum is also in a weak structure; after breaking the 4-hour support level, it has not recovered quickly, indicating weak market momentum. Resistance is at around 2,200, with support at 2,080. The overall strategy remains clear: follow the trend and mainly short, viewing rebounds as opportunities to position. Avoid trying to bottom fish in a weak structure, as opposing the trend often leads to losses.