#比特币对比代币化黄金 $BTC and $ETH Early Session Trend Interpretation

Let's first look at the hourly chart. After a surge, the price has shown signs of pulling back, but the downward momentum is not strong. The bearish force is gradually shrinking, and the moving averages are starting to turn upward slightly—this indicates there may be a short-term rebound. However, I am not optimistic that this rebound will continue to rise significantly, so the strategy is more inclined to short on rallies.
Now from the four-hour perspective. After the price pullback, the middle band provides some support, but the subsequent slight rally and pullback have opened a downward channel after the range narrowed. Bulls are obviously weak, volume has shifted to the bears, and the moving averages are starting to turn downwards. In the short term, it is likely that wide-range consolidation will continue, and there is still room for further downside. However, the short-term release rhythm is rather slow and the strength is limited. Based on this judgment, we will continue to operate within the consolidation range, focusing on shorting opportunities at higher levels.