The midday market trend experienced pressure adjustment after the price touched the 70500 level. Following a pullback to test below 69500 and a technical rebound, the rebound reached around 70200 but faced resistance. Currently, it remains around 70000 with sideways consolidation. Ethereum is performing stronger than Bitcoin in the market, with the overall trading range staying around 2040, continuously testing the resistance at 2050. The current market is in a phase of testing the upper resistance level. Whether it can break out with a second surge depends on tonight’s opportunity. For those who are looking to buy on dips, they can continue to hold.

From the current chart, after the four-hour candle closed with a long upper shadow, the closing point was above the downtrend line. The price continued to rise with a bullish candle after the close, indicating a second upward surge with volume potential. In terms of pattern, a certain upward channel has formed in the short term, with increasing rebound strength and a gradually rising center of gravity. If a breakout occurs, the bullish momentum is likely to continue. Recently, the bulls have shown strong volume, and there are no significant signs of consolidation. Watch for signs of correction at the high rebound levels; the strategy remains to continue buying on dips.

Bitcoin can be considered around 70000, with a potential continuation towards 70800 and possibly 72000 if it breaks through. Ethereum can be bought around 2020, with targets near 2080-2100. $BTC $ETH