From a technical structural perspective, in the four-hour level trend, after the operating channel opened, the price failed to maintain a stable position above the upper track for continued upward movement, but instead fell into a state of consolidation, leading to a significant pullback. During this period, the trading volume showed a pattern of decreasing, lacking sufficient release strength to provide effective support. Meanwhile, the moving averages began to show signs of reversal from a consolidation state, with characteristics of high pressure in the short cycle being very evident. Even though there was strong upward performance earlier, a period of consolidation to build a base is still required, and the lower price space remains to be further explored.

In the one-hour level line, the price oscillates at a high level, consistently struggling to stabilize. Subsequently, the price quickly dropped like a flood being released from a high position, approaching the lower track of the channel. Moreover, the bearish volume was released and arranged in a relatively obvious entity form, causing the moving averages to consistently turn downwards. Although there was some recovery performance after a spike down during the downward process, this was merely a normal corrective action after a pullback. From a short-term perspective, the demand for a pullback adjustment is extremely strong. Therefore, in the upcoming operational strategy, we should primarily adopt a high short strategy.

For Bitcoin: 86500-86800 range, looking towards 85500-85000-84000.

For Ethereum: 2030-2050 range, looking towards 2000-1970-195.