Bitcoin still generally maintains a weak consolidation pattern, with most of the day characterized by narrow fluctuations. The active trading periods are mainly in the morning and around the U.S. market open, but Bitcoin lacks a clear directional trend. The price of Bitcoin has been oscillating around the 71,000 level, with minor rebounds but insufficient momentum to break through key resistance zones; the overall market remains weak and has not shown signs of a rally.

Similarly, Ethereum faces clear resistance in the 2180-2190 range, moving in tandem with Bitcoin and trending downward without any signs of a strong upward push.

From the current market perspective, after a sharp rise followed by continuous declines, upward momentum is clearly lacking. All timeframes indicate a bearish trend, and short-term rebounds are more about correction than trend reversal. The overall structure remains within a downward channel, with significant resistance levels preventing a reversal. Coupled with weak sentiment in the external markets, the spreading risk-averse mood driven by international geopolitical developments needs further confirmation.

In terms of practical trading, it is advisable to follow the early morning high-short strategy. The slight rebound in the market presents a good opportunity for short positions. Patience is recommended until the market clearly shows a trend change.