At 3:33 AM, the large cryptocurrency experienced severe fluctuations, followed by a technical rebound and a significant pullback. The dominant selling pressure led to panic selling, causing a one-sided drop to a temporary low of 105,704. Subsequently, the market experienced weak oscillations, intensifying the bearish sentiment in the market. The trend of the smaller cryptocurrency mirrored this, with a minimum pullback to the support level of 2,600.

Currently, the trend has formed an intraday high, and after a second bottom test, there is a rebound, but the upward momentum is weak, facing considerable resistance. The hourly chart shows that the cryptocurrency price is oscillating within the Bollinger Bands, presenting a box-like pattern, and the smaller cryptocurrency is stuck at a key level with unclear direction. The candlestick chart for the larger cryptocurrency indicates heavy selling pressure above, with strong defensive lines for the smaller cryptocurrency; during declines, the smaller cryptocurrency has the upper hand, while during rebounds, the larger cryptocurrency shows weak strength. It is expected that the market will first consolidate at the bottom before attempting to rise. The Asian session is suitable for short-term operations on the smaller cryptocurrency.