The overall intraday cryptocurrency market experienced repeated fluctuations under high volatility. Bitcoin dropped from approximately 78,900 to test early morning support at around 75,800, then was halted by bulls and recovered. Currently, it continues to retrace, with daily trading volume and funding rates indicating a strong short-selling/rebuying battle. Ethereum also experienced a dip followed by a rebound, with the lowest point touching around 2,260 support 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 bearish sentiment still dominates the market. 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 within a downward channel, with key support at 75,000-76,000, followed by support at 72,000-74,000 below. Resistance above is at 80,000-82,000, which is 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 characteristics at low levels, but momentum remains weak. ETH is in a deeper downtrend overall, with a partial rebound only occurring above the 2,150 support. Short-term resistance forms a convergence zone around 2,395, and RSI remains oscillating at low levels. If ETH can stabilize and regain above 2,400 and hold, the short-term recovery space will expand; otherwise, a break below 2,100 suggests a second dip. In summary, the ongoing strategy after midnight remains focused on shorting at high levels. #BTC何时反弹？ $BTC