Intraday Bitcoin and the overall Ethereum remain in a back-and-forth struggle within a range-based structure. In the early part of the day, price action gradually stabilizes as it leans on the prior round of retracement lows. Bitcoin consolidates laterally around the 70,500 area, while Ethereum stops falling and repairs near 2,170. However, the rebound always lacks sustained momentum; multiple attempts to push higher are repeatedly suppressed, and the market is more a matter of oscillating back and forth to drain momentum. In the afternoon, the market’s center of gravity shifts slightly lower, with highs gradually leveling down, and market sentiment remains cautious. At night, a clearly noticeable surge of funds appears: Bitcoin quickly rallies to around the 72,400 area, while Ethereum simultaneously probes toward about 2,235. But after the spike, there is clearly insufficient follow-through; prices drop back rapidly, with the gains largely given back, and ultimately the market returns to operating within the existing trading range. Over the whole day, the pattern shows a rhythm of “rallying under pressure” followed by “falling back into the prior structure.”
From the current structure on the bigger picture, the daily timeframe is still in the weaker consolidation phase within a high-level oscillation. The consecutive pushes higher have not formed an effective breakout; instead, multiple times it leaves upper shadows, indicating that selling pressure remains persistent. For now, the trend has not formed a new upward continuation. The 4-hour timeframe is clearer: Bitcoin forms a temporary suppression zone in the 72,000–73,000 area, and several probes fail to hold above it, which is a typical rebound-failure-to-break-through structure. Meanwhile, downside support is relatively concentrated in the 70,000—70,500 area—this is the spot that has been confirmed multiple times by prior retracements; once it is lost, the structure will extend further downward. Ethereum follows a similar rhythm as well: the area around 2,250 forms the suppression zone on top, while support lies in the 2,150—2,170 range below. Overall, the market is still trading inside the range, but the upper resistance is more pronounced. The structure tends toward another pullback after the rebound. In terms of trading thinking, we still maintain the intraday high-to-low (short) approach, with targets looking at the lower support band of the range; joining in in the direction of the move better matches the current structural rhythm. #Gate广场四月发帖挑战 $BTC
