The afternoon market overall remains in a stage of short-term bearish volume decline, with Bitcoin currently retracing to around 71,300 to halt the decline. The market has shown a temporary rebound and surge, with the relative price rising sharply to around 72,100. In the short term, there has been no further recovery in volume. Regarding Ethereum, it has recently bottomed out around 2,180 after a short-term pullback and is now moving higher, currently fluctuating around 2,210, with no further continuation observed.

Looking at the current chart, the four-hour chart previously recovered to high levels without any solid candlesticks, indicating strong selling pressure above. The rebound highs are gradually decreasing. Tonight, the market will experience a stage of rebound, but the MACD death cross at high levels has already formed, which will hinder further rebound momentum. Overall, the rebound cannot extend to previous highs, leaving room for a pullback. Additionally, the CPI release tonight is worth noting as it may influence the overall direction.

Bitcoin can be shorted between 72,200 and 72,500, with targets at 71,500 to 70,500. Ethereum can be shorted between 2,220 and 2,230, with a target at 2,160. #加密市场回升 $BTC $ETH