Intraday, the market is mainly moving in a oscillating pattern. During the early stage, Bitcoin repeatedly contested around the 74,500 level. The price once touched near 75,400, but there was a clear lack of upward momentum, then gradually retreated to around 74,400 to form support confirmation. Overall, the trading center of gravity has not significantly shifted upward. Ethereum moves in sync, facing clear resistance around the 2,370 area. After multiple unsuccessful attempts, it retreated to around 2,340 to stabilize, with the price fluctuating around the 2,350 midpoint. From a rhythm perspective, the market has not formed a one-sided continuation but is switching back and forth between key structures, with both bulls and bears engaging in a relatively full battle. Based on the open market ideas provided in the morning, a rebound to short at high resistance zones has good execution space. Currently, the short-term conditions for profit-taking have been met, and the overall operational logic remains consistent with expectations.

From the current market structure, the four-hour timeframe is still in a weak correction zone after a phase of high-level consolidation. The price has tested key resistance multiple times but has not established a firm footing, indicating persistent selling pressure above and that the trend has not yet completed a reversal. Bitcoin's structure shows a gradual restriction of highs, with a dense trading and selling pressure zone between 75,200 and 75,500. The short-term support is at 74,400; if this level is broken, the probability of further decline to 73,800 will significantly increase. Ethereum also shows decreasing rebound strength, with clear resistance around 2,365-2,380, and 2,330 as the current support level. A break below this could extend to 2,290-2,310. From the volume-price relationship, volume did not increase in tandem during the rebound, while during the decline phase, selling pressure was released more decisively. This is a typical weak structure. Therefore, the subsequent trading strategy remains clear: maintain a bearish dominant rhythm, prioritize shorting at the upper structure resistance, rather than blindly attempting long positions at the lower or middle range. Only when the price breaks through with volume and stabilizes above the resistance zone will the structure have a chance to turn stronger. Currently, the outlook remains bearish.