The early morning market is dominated by bears, with all intraday rallies giving back gains. The market's lowest point retested around 70400 as a support level for a halt to the decline. Regarding Ethereum, after reclaiming the 2200 level yesterday, the overall trend has turned lower, but the retest failed to break the key support at 2080. Currently, it has recovered to around 2100 with range-bound consolidation. As we enter the weekend, trading volume is relatively weak, and market volatility is expected to remain limited, but the overall trend is still fairly clear. Trading strategy remains primarily long on dips.

From the current chart perspective, the daily chart shows five consecutive positive closes reclaiming highs, and the last three days have failed to produce solid candlesticks, indicating strong consolidation adjustment intent. However, the overall price action remains near the upper band with continued oscillation. After testing the upper band, it faces pressure again. Currently, 74000 remains a strong resistance level. Although the high-level consolidation has not broken down, it has shown some bullish signals. The trend still suggests going long with the trend; after a short-term breakout, we'll reassess the strategy. Looking at the four-hour chart, yesterday's spike higher led to a pullback. After the price retraced to the midline, it halted the decline and recovered. Recently it has consistently maintained the midline as strong support, with retests triggering rebounds higher. Currently, the midline is the lifeline for the bulls; if the midline holds, the bullish case remains intact. As for the weekend, market volatility is relatively small, but the price action's operating range has moved to around 71000 with consolidation, showing signs of continued high-level range consolidation. There's potential for the market to consolidate and push higher step by step. Continue maintaining a long-on-dips positioning.

Bitcoin can go long around 70500-71000, targeting 72000-72800. Ethereum can go long around 2080-2100, targeting 2150-2200. Over the weekend, it's recommended to deploy short-term positions for both long and short around the consolidation zone. #加密市场上涨 $BTC $ETH