Bitcoin explored the 71,000 level early in the session, but selling pressure quickly emerged, preventing the market from sustaining the breakout. It subsequently pulled back under pressure and approached the 70,000 level again. The intraday rhythm was consistent with the early morning high-short positioning, with the pullback successfully capturing hundreds of points in profits. In the afternoon, as buying interest gradually strengthened from below, the lows began to rise, and the market resumed its rebound, further refreshing the intraday high to 71,377.

Regarding Ethereum, from midnight through early morning it maintained a downward oscillation, with prices slowly retracing to around 2,122 before stopping the decline. In the afternoon, it moved in sync with Bitcoin, recovering to around 2,170, presenting an overall structure of first pullback, then recovery. As always, the market never lacks volatility—what truly matters is clarifying the direction before the rhythm shifts and steadily capturing the space you should take.

From the current chart perspective, Bitcoin's 1-hour level has returned above the short-term moving average, but the 4-hour high-level resistance remains clear. Notably, after multiple attempts above 71,300, the follow-through strength has begun to weaken, indicating strong profit-taking demand at higher levels. On the daily level, it remains within the previous high oscillation range without forming a true breakout with volume expansion. Ethereum's 4-hour rebound is more of a technical correction following the earlier rapid pullback, with 2,170 still within the short-term resistance zone, and upside momentum has yet to form sustained volume. The subsequent trading approach remains primarily short-term style (fading bounces), with intervention only after confirming price rejection at resistance. Direct long chasing is not attractive at current risk/reward. #BTC突破71000美元 $BTC