The early market remains within a range-bound oscillation. Bitcoin's price has been gradually rising from around 68,300, briefly touching 69,100 in the morning, but faced clear resistance above and failed to establish a sustained breakout, then entered a oscillating decline phase. During midday, there was a rapid drop to around 68,250, but it quickly stabilized and rebounded, bringing the price back to around 68,600 for consolidation. Overall, it continues to fluctuate around the middle of the range. Ethereum's movement is largely synchronized, oscillating upward from around 2,050 in the morning, reaching a high of about 2,075 but encountering resistance, then falling back and dropping to around 2,040 at midday before stabilizing. Currently, it is trading around 2,060. In terms of intraday trading rhythm, the focus remains on shorting around the 69,000 level for Bitcoin and above 2,070 for Ethereum. The midday decline was smoothly realized for profit, with a clear overall strategy. Execution is key to capturing gains, as the market will never disappoint those who are prepared.

From the current market structure, after a rapid decline, there has been a rebound and correction, but the rebound strength is weak and lacks continuity, indicating limited bullish willingness. The market remains dominated by the bearish trend. Structurally, it is still in a weak oscillation, with the rebound mainly a correction of the previous decline and not changing the overall weak pattern. The inability to effectively shift the center of gravity upward further confirms this. In this situation, subsequent trading strategies should remain consistent, mainly focusing on high short positions, patiently waiting for signs of weakening after a rebound before entering, rather than blindly chasing longs in oscillation, to avoid being worn out by the back-and-forth shakeout. In the short term, the bias remains bearish. #比特币震荡走弱 $BTC