Bitcoin and Ethereum Evening Analysis

Looking at the 4-hour chart, the overall structure remains weak. After declining from the highs, it wasn't until around 68750 that we saw a meaningful bounce, indicating there is support at this level. Therefore, the market didn't continue to crash straight through, but instead started moving sideways for consolidation. The problem is that this consolidation isn't strong - after bouncing up, the highs haven't continued to rise. Instead, each move upward gets pushed back down, especially in the 71000-71300 zone, which has become a clear short-term resistance area. In other words, this isn't a strong uptrend, but rather low-level fluctuation after a decline, with limited rebound strength.

Looking at the 1-hour chart makes this even clearer. Earlier, we saw a pullback with lows touching around 69450. Although there were small bullish candles trying to push higher, you can see the following several bars are very short with small bodies - testing both directions before pulling back. These candles indicate market hesitation: bulls can't push through, bears haven't broken down immediately, essentially just grinding at low levels. The key issue is that after the rebound, we couldn't establish a higher position - price keeps hovering around 69800-70000, which represents a recovery bounce, not a reversal.

So the core judgment for this move is simple: the market is in a weak recovery, not a strong counter-attack. The truly sound approach isn't chasing longs, but waiting for the rebound to meet resistance to short.

**Bitcoin 70500-71000 Short, Target around 68500;**
**Ethereum 2130-2160 Short, Target around 20xx.**