Yesterday, Bitcoin staged a quick pullback in the early morning, followed by intraday oscillations and upward movement. The market appeared strong at one point, but multiple attempts to break through the 72,000 level in the evening failed to achieve an effective breakthrough, leading to a subsequent pullback. Our short positions arranged yesterday near 71,900 profitably captured this pullback.

From the current market perspective, Bitcoin remains in high-level consolidation, with bulls failing to break resistance after multiple attempts, resulting in a tug-of-war between bulls and bears. The daily chart shows a small positive candle with volatility and trading volume contracting in sync. Price finds support from the EMA30 moving average, and after a midnight retest, it quickly recovered, confirming short-term support is effective. Looking at the 4-hour timeframe, price continues to face pressure at the key 72,000 resistance level. Multiple upside probes have failed to establish a foothold, with bull momentum gradually weakening and technical pullback demand clearly evident. Therefore, our subsequent market outlook remains primarily bearish bias.

Bitcoin: Use rallies near 71,800-72,300 to short. Downside targets: 70,000-68,800. Break below that level, then watch for continuation toward 65,000.
Ethereum: Use rallies near 2,180-2,210 to short. Downside targets: 2,080-2,000#Gate正式接入Polymarket $BTC $ETH