Since the early morning, Bitcoin and Ethereum have experienced a wave of sharp rise followed by a pullback and correction. Bitcoin quickly surged to around 73,100 during the early rally but faced obvious resistance, then continuously retreated, with the lowest dip near 71,500, stabilizing after finding support. During this period, the bearish momentum was concentrated. The subsequent rally did not continue in a straight line but oscillated around the 71,800-72,300 range, with bulls and bears fighting back and forth within this key zone. Although there was a slight rebound in the afternoon to above 72,200, it failed to break through effectively and retreated again to around 71,900. Ethereum's movement was largely synchronized, initially surging to around 2,246 in the morning before quickly falling back, with a low near 2,170 forming. It then entered a sideways consolidation between 2,185 and 2,200, repeatedly attempting to rise above 2,200 but facing resistance and retreating. Overall, the momentum was weak, and the rebound lacked strength.

From the trend of the sideways market, Bitcoin formed a clear downward-sloping high point structure after the rise and fall, with short-term rebounds failing to break previous highs, indicating that selling pressure above remains heavy. Currently, the market is operating below the mid-range; if it cannot regain stability above 72,300-72,500, upward space will remain limited. Key support levels are around 71,500-71,200; if these are broken, further decline to seek a bottom is possible. Ethereum also shows a weak oscillating pattern, with multiple resistances above 2,200 forming short-term resistance zones. Structurally, the highs are gradually decreasing, and support levels at 2,170-2,160 need to be confirmed. Overall, the short-term trend is bearish, and rebounds are more for correction rather than reversal signals. Therefore, the trading approach should continue with the early high-selling strategy. #Gate广场四月发帖挑战 $BTC