Early Saturday morning, I took a quick look at the market charts, and the movements of Bitcoin and Ethereum are indeed interesting.

The current market remains the same old story—oscillating back and forth at high levels, with the rebound momentum gradually fading, and investor sentiment becoming more cautious. From the four-hour chart, Bitcoin once again surged toward a recent high in the evening, but was forcibly pushed down, leaving a long upper shadow. What does this indicate? The resistance at the top is quite strong; continuing upward? Not so easy. The accumulated correction pressure is slowly being released.

Ethereum has shown a bit of a rebound on its own, looking somewhat promising, but honestly, it’s still being led by Bitcoin. It hasn't formed a true breakout. As BTC remains under pressure at high levels, ETH’s rebound strength has also weakened, and the overall market sentiment is gradually shifting toward a bearish stance.

From a technical perspective, the buying power is clearly insufficient. Key resistance levels have been suppressing the price, leading to a narrowing of short-term upward space. Whether the rebound can continue depends on breaking through this resistance zone. If it cannot, a new round of oscillation and decline is likely to begin.

My advice is to operate in line with the trend. Keep a close watch on resistance signals near key levels, and consider short positions appropriately to prepare for possible pullbacks.

Of course, don’t forget one thing—it's still within a consolidation range. Although the structure points to a bearish trend, short-term fluctuations are unpredictable. Enter positions with small size, set reasonable stop-loss levels, and be prepared for sudden market rebounds.