Morning market update: After Bitcoin closed, it first experienced a dip to the bottom of the oscillation range around 70,500, then stopped falling. The market also saw a short-term bullish rebound, with the price temporarily recovering to around 71,500 before facing resistance and pulling back. After some negotiation around 71,200, the trend ultimately shifted back to a bearish trend with increased volume. Currently, the price is retracing to around 70,300. Ethereum followed Bitcoin's pattern, rebounding to around 2,100 before facing resistance and pulling back. It is now consolidating around 2,060. This morning, we also reminded everyone to watch for consolidation. After Bitcoin's rebound to 71,200, we took profits on long positions and discussed with the community that there is key resistance above. Friends who missed the opportunity can wait for a retracement to re-enter.

From the daily chart perspective, Bitcoin formed a long upper shadow this week and closed two consecutive days with downward candles. The current price has retraced to near the previous breakout platform. Overall, the daily K-line remains in a normal correction phase within an upward trend. The 70,000-70,500 area below is a previous high-volume trading zone and near the starting point of this round of rally, providing strong support. Multiple long lower shadows on the daily chart indicate that there are still buyers at low levels. As long as this area is not effectively broken, the bullish structure remains intact. Combining the four-hour chart, after falling from the high of 74,046, the price has consecutively closed with downward candles, forming a descending channel. Currently, the price has reached near the lower boundary of the channel, with the real body of candles gradually shrinking and downward momentum weakening. The previous low of 70,000 on the four-hour chart is a psychological support level and a key point dividing bulls and bears. If the market stabilizes, a technical breakout may occur. The strategy remains to buy low.

Bitcoin can be bought around 70,000-70,500, with targets near 71,500-72,000. Ethereum can be bought around 2,050-2,070, with a target near 2,150. #加密市场小幅下跌 $BTC $ETH