$BTC 2.27 Midday Bitcoin and Ethereum Market Analysis and Trading Suggestions

From the daily chart perspective, after touching the lower band, the market experienced a rebound and correction, but multiple attempts to break through the midline resistance were unsuccessful. This "touch but not break" pattern is generally seen as a sign of weakness. Although some bullish candles appear to recover part of the decline, suggesting a potential bottoming process, closer inspection reveals that the trading volume during the rebound continues to decline, indicating that the bulls lack sufficient follow-through. Such a weak rebound is unlikely to reverse the current bearish structure.

Switching to the 4-hour chart provides a clearer view of the market’s fatigue. The trend shows a typical "rebound - resistance - decline" step-like pattern, with each subsequent high lower than the previous one and lows also being refreshed. This is a sign of a short-term downtrend. Currently, the moving averages are in a bearish alignment, exerting continuous pressure on the price.

Overall:
The market is in a phase of "bulls are willing but unable, bears are closing in step by step." Until the daily midline is effectively broken above, any rebound should be viewed as a technical correction rather than a trend reversal. Therefore, trading strategies should abandon the hope of low-buying bottoms and follow the trend.

Next steps:
Be patient and wait for the market to rebound to the key resistance zone on the 4-hour chart. If a pullback or doji star with stagnation signals appear, it will be an ideal entry point for short positions.

For midday trading:
Bitcoin can be shorted around 68,000, with a target of 66,000.
Ethereum can be shorted around 2,050, with a target of 1,950.