The overall intraday trend is still in the process of reclaiming the Bitcoin dominance. After a certain pullback in the early session, the lows were gradually raised to around 79,500. The market saw a bullish surge, with multiple volume breakthroughs of the previous key resistance zone between 80,500 and 81,000. Currently, the highest price continues to push higher around 81,500, with the current price maintaining oscillation and consolidation near 81,000. As for Ethereum, the situation is somewhat disappointing. It experienced a second volume surge intraday but failed to break through the 2,400 level, showing some resistance and a pullback. This indicates that Ethereum's buying power is still insufficient, and the focus remains on whether it can break below 2,400 further to continue upward. For intraday positioning, Bitcoin only took one position: entered in the morning, exited in the evening, gaining over 1,000 points. Ethereum took two long positions intraday, capturing 60 points of profit.



Looking at the current market, the daily chart remains in a continuous upward exploration pattern. Indicators are already in the overbought zone, and the market's strong upward extension suggests an upcoming correction. However, chasing longs at the top is not recommended, and it’s better to be cautious. Currently, the market is still in a volume-expanding phase on the way up. Shorting at this stage seems counter-trend. When pulling back to the high points, focus on the key resistance around 83,000. If the daily structure pulls back to 83,000, it could be an opportunity to try shorting for a wave of retracement. On the 4-hour chart, the price remains within an upward channel, with no clear signs of topping out. Although in the overbought zone in the short term, the phase of correction still shows a volume-driven upward structure. As the correction further raises the lows, the bears seem somewhat overwhelmed. For tonight’s short-term strategy, it’s better to look for a rebound and volume surge in the bullish direction. For those considering short positions, consider shorting around 82,000 with a main position, and add on dips near 83,000.

As the short-term points gradually move higher, the support level now comes to around 80,500. Focus on buying around 80,500-81,000 for a rebound with volume, targeting 83,000. Ethereum’s current chart appears somewhat weak. The larger coin is trying to push higher, while the smaller one remains unmoved. If Bitcoin continues its upward trend, and Ethereum shows no sign of breaking below key levels, then Bitcoin may enter a correction, and Ethereum could also follow downward. This pattern would appear relatively weak. For tonight’s operations, it’s better to stay long from 2,350 to 2,360, with the target still on the 2,400 level.
BTC0.87%
ETH-0.22%
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