The price movement in the early morning was not significant. Bitcoin recovered the 74,000 level in the early morning and has since shown some signs of stabilization. Overall market performance is relatively strong, with the early morning high bounce reaching around 74,700. Currently, volume is insufficient and the price is under pressure again, consolidating around 74,300. Regarding Ethereum, after testing the 2,300 area yesterday and stopping the decline, it continues to move with oscillations, treating the 2,300 area as support to maintain a relatively strong trend.

From the four-hour level, Bitcoin is in a pullback phase within an uptrend, currently in a technical correction stage. The Bollinger Bands opening is still in an expansion state. Although the price has retreated from the upper band, it remains above the mid-band, which is normal correction in a strong market. The moving average system shows a bullish alignment. Although short-term moving averages show signs of flattening, mid-term moving averages continue to diverge upward, providing support for prices. The MACD fast and slow lines form a bearish crossover at a high position above the zero line, with green columns of momentum beginning to appear, indicating short-term pullback demand but with limited strength. The KDJ indicator forms a bearish crossover at high levels and diverges downward, showing the adjustment is not yet complete. The bullish pattern of higher lows and higher highs remains unchanged. The 74,000-74,300 area below is a dense trading zone following the earlier breakout and support near the four-hour mid-band. If the price stabilizes here, it is likely to end the correction and continue moving up. On the trend, if it directly breaks below 74,000, it may further seek support in the 73,500-73,800 area. Overall, the pullback is more about building strength rather than reversing the trend. The mid-band holds the bullish structure intact. The strategy is to short at high levels and look for consolidation.

Bitcoin can go short at 74,500-75,000, targeting 73,500-73,000 area. For Ethereum, pay attention to any breaks below the 2,300 area at the bottom. #比特币站上7.5万美元 $BTC $ETH