Midday market correction to 70500. After short-term stabilization, the price again faces downward pressure with increased bearish volume. Currently, it has fallen back to around 70000 and is consolidating, with focus on whether it will break below this level. Ethereum's movement is synchronized with Bitcoin; after testing and breaking below 2150, it consolidated and then resumed downward movement with increased volume. Currently, it is oscillating around 2120.

Today, we successfully took profits on early short positions. In the morning, we shorted Bitcoin at 71200 and closed around 70000, capturing a 1200-point gain. Similarly, we secured a 55-point profit on Ethereum.

From the current chart, the daily structure shows a weak pattern of a bearish engulfing candle. After today's test and decline near the midline, the key is whether the market can continue its trend. The absence of real body candles suggests continued uncertainty, with potential to test key resistance levels.

Looking at the four-hour chart, the price remains at the tail end of a triangle pattern, with the close near the upper trendline. The current consolidation requires close attention to whether it can break the triangle for continuation; otherwise, there is room for a slight rebound within the triangle. The MACD indicator shows the fast and slow lines are close to a death cross, indicating a weak structure. The Bollinger Bands are tightening again. As long as the rebound does not break above 72000, there is a risk of further decline.

Short positions can be taken lightly around 70500. If the price rebounds above 71000, consider adding to long positions with a target around 69000. For Ethereum, consider a light short around 2140; if it breaks below 2100, look for further decline toward 2050. #加密市场回涨 $BTC $ETH