Midday Thoughts

The uptrend pace on the daily level has noticeably slowed. Price action 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 bullish convergence to horizontal consolidation, with the uptrend structure loosening. The market has transitioned from strong bullish momentum to high-level oscillation and consolidation pattern, with insufficient phase-based uptrend momentum and a need for pullback and consolidation. On the 4-hour level, the trend shows a pattern of rallying then retreating. Price has tested the upper band of the channel multiple times, encountering resistance and pulling back each time. Short-term focus is gradually shifting downward, with bulls losing attacking power, and technical indicators turning increasingly weak and oscillatory.

Currently, the overall market is under pressure at high levels with diminishing volume. Any minor intraday rebounds are merely technical corrections, not trend reversal signals. Heavy selling pressure exists above, and market enthusiasm for chasing highs is weak. Short-term pullback intensity is gradually increasing. Major players are mainly using oscillation shakeouts to digest high-level chips. Today's operational strategy shifts toward shorting at rebounds under pressure, with following the trend and shorting at highs as the core strategy.

Operational Suggestions
BTC: Short near 72300, target around 70000
ETH: Short near 2140, target around 2080