Bitcoin's white plate remains in a state of oscillation and adjustment. Bitcoin and Ethereum have not yet broken out of their downward momentum. Overall, the market is still in a consolidation phase due to sluggish trading volume on the white plate. Currently, Bitcoin is holding around 71,000 after testing the bottom, and Ethereum is consolidating near 2,180.

From the current chart, the four-hour timeframe still shows a high-level consolidation with a downward oscillation structure. The pullback has also formed some lower shadows, indicating that the current support structure is relatively strong. The retracement has encountered resistance, but after reaching the bottom, there was no further upward movement. It is still under pressure at the 71,000 level. On the indicators, the MACD is highly congested with a risk of a death cross, and the three lines of the KDJ indicator have already formed a death cross. Currently, the market is in a weak correction phase after sideways consolidation. After building momentum, patience is needed for a decline in volume to emerge. In terms of trading strategy, continue to focus on high short positions.