The intraday white session shows Bitcoin and Ethereum generally moving in a weak and oscillating pattern. Bitcoin repeatedly tested the 70,000 level but failed to stabilize effectively. Selling pressure gradually emerged above, and after spiking near 70,200, it quickly pulled back. Subsequently, the market oscillated within the 69,400—70,000 range, with the overall structure showing a high-level decline in volatility, and short-term bullish momentum gradually weakening. As for Ethereum, early in the white session, it briefly rebounded above 2040 but was similarly blocked and pulled back, with the lowest dip around 2005. Currently, the market has returned to consolidating near 2020, maintaining a linked movement with Bitcoin, forming a sideways consolidation near key integer levels. The strategy I provided earlier in the morning was very clear, mainly focusing on shorting on rebounds. After the rally was blocked, the market gradually declined, touching resistance zones multiple times without stabilizing, allowing short positions to be successfully executed and closed profitably. From the market rhythm, there have been multiple shifts between bulls and bears intraday, but the resistance zone above continues to exert influence, with the market mainly showing a correction after upward pressure.

From the current market structure, Bitcoin has formed a clear short-term oscillating downward pattern. The highs of several rebounds throughout the day are gradually decreasing. The 70,000—70,200 area remains the most obvious resistance zone, with each test resulting in a noticeable pullback, indicating persistent selling pressure above. If subsequent rebounds still cannot regain stability above 70,000, the market is likely to continue testing lower supports. In the short term, focus on the 68,800 level, which has been tested multiple times as a low point. If broken, the market may further seek new support around 68,000. Ethereum’s structure is similar, with the 2040—2050 zone acting as the current resistance during rebounds, and the 2000 level as a key support. If the price falls below 2000 again, further downside space may open up. Overall, the current market remains in a weak oscillation phase, with trading strategies centered around shorting on rallies.