Whiteboard pancake repeatedly tested the upside and ultimately pulled back under pressure at the 74,800 level, with the evening low reaching near 70,800. We proactively arranged our high-altitude strategy, successfully securing both BTC and Ethereum!

From a technical perspective, the 4-hour chart shows continuous bearish closes weakening, breaking through the previous mid-band key support. Although the price shows some bottom-fishing wicks and signs of minor stabilization, overall volume is insufficient, and the rebound momentum is limited, making it difficult to form an effective recovery. The hourly chart indicates even more pronounced weakness, with BTC experiencing a five-candle volume-expanding downtrend, followed by a slight recovery before turning weak again. The price continues to test along the lower band, and market sentiment has gradually shifted to a bearish dominance.

The daily chart shows the moving averages turning downward, with previous support now acting as resistance in reverse. There is still room for adjustment below. In the short term, focus remains on the support at the 70,000 level. Operationally, we continue to follow the trend with a primary strategy of shorting on rallies.

BTC rebounds near 72,100-72,900 to short, targeting 70,000-69,300
ETH rebounds near 2,230-2,270 to short, targeting 2,120-2,060