2.26 Midday Market Analysis. Recently, the overall market has maintained a predominantly bearish trend. In the early hours, the bears briefly took a rest, and the bulls launched a quick counterattack. The price surged to the 70,000 level before facing resistance and pulling back. This rapid rally was quite abrupt. Currently, Bitcoin is consolidating around 68,300.

On the 4-hour chart, indicators are forming a golden cross, with both lines diverging upward. The MACD histogram is gradually increasing, indicating a temporary rebound in bullish momentum. However, the candlestick shows a V-shaped rebound; although it broke through the upper band resistance, the rebound strength has not continued. The medium-term downtrend remains unchanged; this short-term move is merely a technical correction, not a trend reversal.
There is strong resistance at the 70,000 level, and the upward space is limited. It is not recommended to blindly chase longs at high levels. Be cautious of the risk of a quick pullback after a rise.
BTC Trading Strategy: Short at 68,500-68,800, target 66,000-64,500, stop loss 69,500
ETH Trading Strategy: Short at 2,070-2,090, target 1,990-1,950, stop loss 2,120