Reviewing the midday market, Bitcoin oscillated before giving bulls a rebound rally to push higher, with the price recovering to near the day's high of 71,500 before facing pressure and pulling back. In the afternoon, the bears increased volume and probed lower, with the price dropping to near 69,400 before stopping the decline. The price gave a minor rebound and is currently holding around 70,000 in oscillating consolidation. Regarding Ethereum, it rebounded during midday to recover near 2,230 before facing pressure and pulling back. In the afternoon, it spike-dipped to near 2,140 before finding support. Currently the 2,150 support remains fairly solid, but the price is maintaining consolidation near the low of 2,160. Overall, there's a possibility of further breakdown. On actual trading, as the price rebounded to our entry point, we decisively deployed short positions. Bitcoin entered short at 71,500, and we took profits near 71,700 for 1,800 points of gains. Ethereum shorted at 2,220 on the rebound and exited at 2,150 for 70 points of gains. Whether the market is easy to trade depends on whether you go against the trend.

From the current chart perspective, the three consecutive red candles on the daily chart have retraced to near the middle band to probe the bottom support structure. Currently, further retracements have not led to further downside exploration. The market is running within the previous oscillating consolidation range, showing that the middle band support is relatively strong. However, the bearish sentiment is gradually intensifying, with overall rebound strength being limited. After probing the bottom, there will be consolidation using time to replace space as an adjustment method to correct the rebound after the bottom probe. On the trend, the bearish tone remains unchanged. Combining the 4-hour chart, consecutive rises accompanied by fragmented rallies release bearish momentum. The 71,000 upper level consolidation lacks effective candle bodies, indicating overall support is weak. The market will continue to show a bearish structure. Currently, the bottom operates around the 120-day moving average with no substantial breakdown signals emerging. However, as the Bollinger Bands widen with consolidation around the lower band moving downward, signals for further decline in the future remain quite clear. The operational approach is to continue looking lower on rebounds.

Bitcoin short at 70,500-71,000, watch for 69,300 breakout extending to 66,000. Ethereum short at 2,180-2,200, watch the 2,100-2,070 range. #美联储维持利率不变 $BTC $ETH