Intraday BTC prices are under downward pressure. In the morning, driven by macroeconomic negative news, BTC briefly broke below the 73,000 support level, hitting a cyclical low in 2026 before rebounding to trade sideways around the 75,000-76,000 range. Throughout the day, selling pressure persisted, with bears dominating and liquidations increasing market volatility. During the same period, ETH showed even weaker performance, briefly breaking below the 2200 key support before stabilizing near support levels. The ETH/BTC ratio continued to decline, indicating reduced market risk appetite and a preference for safe-haven BTC over ETH. Overall funding rates turned negative, and signs of leverage reduction became evident, increasing the pressure on long positions to be liquidated. Market sentiment shifted from neutral to panic.

From a technical perspective, BTC's daily chart shows a series of declining candles, breaking through multiple short-term support levels. The mid-term EMA lines are arranged in a downward pattern, and the MACD has a death cross below the zero line, confirming that bearish momentum is dominant. If the 73,000 level is clearly broken, the next support levels are around 70,000-68,500. Resistance on the rebound is located between 78,000 and 80,000. ETH's daily chart continues to show weakness, with a breakdown below the 2200 strong support leading to sideways consolidation. The ETH/BTC downtrend indicates relative weakness. Key support levels are concentrated around 2050-2100, with short-term resistance at 2300-2350. In summary, the main structure still leans toward a bearish pattern; in the short term, focus on short positions, with a trend bias toward bearishness. Mid-term, only consider long entries after effective stabilization and a breakout above key resistance levels. #加密市场隔夜V型震荡 $BTC