Midday Thoughts

The daily level uptrend momentum has noticeably slowed down. Price is oscillating and consolidating repeatedly at previous highs, failing to effectively break through key resistance levels. Short-term bullish momentum is gradually weakening. The moving average system has shifted from resonant uptrend to horizontal consolidation, with the uptrend structure loosening. The market has transitioned from strong bullish dominance to high-level oscillation and consolidation pattern, with insufficient phase-wise uptrend momentum and existing demand for pullback consolidation. The 4-hour level shows a pattern of rallying and falling back. Price has repeatedly tested and encountered resistance at the upper band of the channel, falling back each time. The short-term focus is gradually shifting downward, with bulls' attacking power continuously weakening, and the technical outlook is gradually turning to weak oscillation.

Currently, the overall market is under pressure at higher levels with shrinking volume. Any small intraday rebounds are technical corrections, not trend reversal signals. Selling pressure from above is heavy, and momentum to chase highs is low. Short-term pullback intensity is gradually increasing. Main players are primarily using oscillation washout to digest high-level chips. Today's operational approach shifts toward bearish positioning on rebounds, with the core strategy of going short with the trend at high levels.

Operation Suggestions

BTC around 72300 go short, target around 70000
ETH around 2140 go short, target around 2080