#以太坊大户持仓变化 BTC/ETH short-term consolidation pattern continues, evident bull-bear tug-of-war——technical analysis review

Bitcoin and Ethereum showed repeated movements yesterday, with multiple pullbacks after encountering resistance at higher levels. The early morning low tested around 91200 and 3180 nearby, followed by a rebound. That wave of high-level short positions did have profit-taking space, and the early morning positions were closed with small gains during the pullback.

Currently, both cryptocurrencies are consolidating at higher levels. Bitcoin's 4-hour chart shows a V-shaped pattern with decent recovery, but trading volume has clearly shrunk, and RSI has entered the overbought zone——indicating rebound momentum is beginning to exhaust, with notable short-term adjustment pressure. Ethereum showed relatively stronger downside resistance, with yesterday evening's high touching 3307, then dropping to 3181 finding support, this morning rebounding to 3300 and being pushed down again, now consuming time around 3270. The two coins' movements are basically synchronized, but ETH elasticity is indeed stronger.

From the daily chart perspective, the moving average direction remains bullish alignment, and the uptrend framework hasn't been broken. However, significant selling pressure has accumulated at the 94000 and 3300 price levels, with RSI flattening and in overbought territory, suggesting the rebound needs a pause at this point. The 4-hour chart, although showing an ascending channel after rebounding from 91000 and 3180, has displayed divergence at the top and inverted hammer patterns, all of which are reversal signals.

Trading strategy: Bitcoin can short around 93200-93600, with stop loss above, targeting 91000-91500; Ethereum shorts between 3280-3300, similarly watching the 3180-3200 support zone. Key focus on whether the high can effectively break through; if unable to break through, it signals the beginning of adjustment.