# Market Analysis

The early morning price action continues yesterday's daytime pattern. Bitcoin's price pulled back to around 69,800 at its lowest before stabilizing and recovering. It's currently consolidating around 70,400. The market has not yet achieved a breakthrough above the highs with strong volume breaking through the resistance at the top. Ethereum is moving in sync with Bitcoin, but its highs are in an ascending phase. Strictly speaking, Ethereum is currently leading Bitcoin, with the key being whether it can achieve further breakouts and recovery.

From the current market view, the four-hour chart maintains a triangular consolidation pattern. The bottom midline continues to rise, pushing higher highs, and each pullback forms long lower wicks. However, this structure shows recovery without breaking through each recovery high with volume. The triangular range is further converging. Today's daytime session is expected to see oscillation and adjustment before waiting for a breakout to determine the future direction. If the midline recovers further to around 70,000 and the price cannot stabilize above the 70,000 level on pullbacks, we can still consider it a bearish market structure. For now, maintain a bearish outlook for operations.

**Bitcoin:** Short around 70,500-71,000, targeting 69,000 nearby.

**Ethereum:** Short around 2,080-2,100, targeting 2,020 nearby.

$BTC $ETH