Bitcoin had a significant volume surge in early trading, reaching up to 76,000 level but pulled back under pressure. The midday session showed an adjustment pattern, with the ratio briefly retracing to around 73,700 before stabilizing, and the market subsequently recovered to the 74,000 level continuing oscillation. Ethereum's movement aligns with our analysis, showing a stop-loss signal after retracing to around 2,300, currently oscillating around 2,330. Early trading provided guidance to short Bitcoin at high levels, entering short positions near 75,600, exiting with profits around 74,000 capturing 1,600 points. Ethereum maintained the thesis that the 2,300 level holds, with continued pullback bounces, capturing 35 points profit.

On the 4-hour chart, after high-level consolidation, the trend shifted to bullish with volume surge pushing higher. Early trading faced pressure at the 76,000 level with pullback, currently the market has returned to the upper range of yesterday's oscillation zone. Whether the market can further establish a top-bottom reversal pattern is the key to this second volume expansion and breakout. However, technical indicators haven't fully corrected yet. As commonly stated, in such markets the mid-line holding means the uptrend persists, but the prerequisite is that the adjustment has sufficient strength with a second retest forming a bottom signal before volume expansion has opportunity. Meanwhile, the larger cycle faces pressure at the lower part of the uptrend channel, maintaining the approach of shorting at high levels.

Bitcoin can short at 74,500-75,000, targeting around 72,000. Continue monitoring Ethereum's 2,300 breakthrough for further short positioning. #比特币站上7.5万美元 $BTC $ETH