You can see that after Bitcoin tested the 72000 level this morning under pressure, it retreated again, but the overall pullback was limited. The market did not break below 70000 again and continues to consolidate around the 71000 line. This previously contested level has gradually transformed from resistance to support, and is now basically stable above this zone, indicating that buying interest at higher levels still exists. Ethereum followed suit in retreating, mainly oscillating repeatedly around 2100, with overall volatility relatively converged and no obvious continuation of weakness. Currently, it maintains a high-level consolidation rhythm.

From a smaller timeframe perspective, Bitcoin's low points after the pullback continue to rise, and the market focus has not shifted significantly lower. The short-cycle structure remains in a relatively strong consolidation state, indicating that the current phase is more about digesting upper-level pressure at higher levels rather than a trend reversal. Ethereum's chart similarly features mainly horizontal consolidation, with the structure remaining intact during consecutive oscillations. As moving averages gradually converge, there is still a need to choose a direction again. Overall, bullish sentiment has not weakened notably, and I still lean towards the current phase being accumulation, with expectations for further continuation of the uptrend subsequently. #比特币站上七万美元 $BTC