The current market remains in a high-level consolidation pattern, with rebound momentum clearly weakening and overall sentiment turning cautious. From a four-hour perspective, Bitcoin briefly tested recent highs again in the evening but was met with significant selling pressure, with the candlestick showing a long upper shadow, indicating strong resistance above and accumulating downside pressure. Ethereum's movement is relatively independent, showing a structural rebound, but its overall direction is still constrained by Bitcoin and has not yet achieved an effective breakout. As Bitcoin faces high-level resistance, Ethereum's rebound pace also slows down accordingly, and market sentiment is gradually shifting to the downside.

Under this technical pattern, the buying strength continues to be limited, and the effective suppression in key resistance zones narrows the short-term upward space. The sustainability of the market rebound is under scrutiny; if it cannot effectively break through the current resistance area, the market may enter another oscillating downward phase. In terms of trading, it is recommended to follow the trend, pay attention to signs of resistance near resistance levels, and consider short positions to seize opportunities that may arise from pullbacks.

It should be noted that the market is still in a consolidation zone, and although the structure leans bearish, short-term volatility is unavoidable. When entering the market, strict position control and reasonable stop-loss settings are essential to prevent sudden rebound risks.