Morning Analysis

From the four-hour timeframe, the market previously experienced continuous bullish candles and upward movement, with bullish momentum being temporarily released. However, after the price reached the upper band resistance level, it encountered strong selling pressure, failing to break through multiple attempts to push higher. The resistance above is clearly evident; the overlapping Bollinger Bands failed to continue the upward trend, and the overall market has entered a range-bound consolidation with oscillation.

On the one-hour timeframe, the downward channel pattern has been clearly formed, with the upper boundary of the channel transforming into a core resistance level. The market previously tested this level multiple times, confirming that the pressure at this position is very strong. Based on the combined cycle signals, the probability of a significant pullback in the near future is relatively high. It is recommended to operate by shorting on rebounds at resistance levels and to strictly control market timing.

Trading Suggestions
Short positions around 73,000-73,500 for Bitcoin, with targets near 71,000-71,500
Short positions around 2,140-2,170 for Ethereum, with targets near 1,980-2,010