Bitcoin surged to 74,000 yesterday before pulling back, with a low around 71,700. From the hourly chart, although the MACD fast and slow lines have retreated from high levels and the green histogram momentum has slightly increased, the overall indicator remains above the zero line, indicating that the current decline is only a short-term technical adjustment and not a trend reversal. This pattern typically suggests the market is in a consolidation phase, and after the correction ends, there is still an intention to move higher.

For today’s trading, focus on the support zone around 71,000-70,500. As long as the price does not fall below this range during intraday pullbacks, the correction structure remains intact, and the market is expected to continue testing higher resistance after completing the consolidation. The upward rebound targets remain the previous high near 74,000 and the 75,000 level. If the price unexpectedly breaks below the 70,500 support level, the short-term trend will weaken, and long positions should consider exiting to avoid risks.

Regarding Ethereum, the daily chart still shows a rebound structure. Short-term support today is around 2,090; as long as this level holds, the rebound trend continues, and the price will keep testing higher resistance levels. Strong support zones are located between 2,053 and 2,000. If the price retraces but does not break below this range, it can be seen as a sign of stabilization, with the rebound target continuing toward the 2,200-2,270 area. If the 2,090 level is effectively broken downward, the short-term trend will shift into a higher-level oscillation or a correction phase.