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The overall intraday cryptocurrency market is oscillating repeatedly under high volatility. Bitcoin dropped from approximately 78,900 to test the morning support at around 75,800, then was stopped by bulls to recover, currently continuing the retracement trend. The day's trading volume and funding rate indicate a strong short-selling/rebuying battle. Ethereum also experienced a dip followed by a rebound, with the lowest point touching the support level of about 2,260 before bouncing back to the temporary resistance zone of 2,345-2,396, accompanied by relatively high trading volume, showing signs of consolidation. The funding rate is briefly negative, with shorts paying longs, reflecting that the market sentiment remains bearish. Overall, BTC and ETH are showing high volatility and wide-range oscillations influenced by Federal Reserve policy expectations, macro risk appetite fluctuations, and major liquidation events, repeatedly testing key supports, with short-term rebounds and range corrections triggered by stop-loss triggers.
On the daily chart, both are currently in a downtrend channel, with key support around 75,000-76,000, and further support below at 72,000-74,000. Resistance above is at 80,000-82,000, forming a short-term resistance zone. Breaking through this would break the current sideways structure and open up a rebound space to 85,000. The RSI shows slight oversold features at low levels, but the oscillating momentum remains weak. ETH is in a deeper downtrend, with a partial rebound only occurring above the 2,150 support. Short-term resistance is around 2,395, forming a converging resistance zone, and RSI is also oscillating at low levels. If it can stabilize and stay above 2,400, the short-term correction space will expand; otherwise, a break below 2,100 suggests a second downward move. In summary, the post-midnight strategy continues to focus on high-altitude short positions. #BTC何时反弹? $BTC