Bitcoin showed an overall adjustment pattern in early trading, recovering to around 74700 during the early morning with pressure pulling back down. Early session shorts increased volume, with the market bottoming out at around 73500 before recovering again to around 74000 where it's now oscillating. Ethereum's oscillation bottom is consistent with previous patterns, bouncing off the bottom when retesting around 2300, with the rally currently recovering to around 2325 for oscillation. Our early session bearish bias was confirmed once again - we placed short orders on Bitcoin at 74500 during early morning, taking profit at 73500, and Ethereum near 2300 was a good opportunity for long positions.

From the current chart perspective, after consecutive daily rallies and pullbacks yesterday, the price is retesting short-term support structures. Opening around 73800, it remains at relatively low levels. Overall, the market still needs to turn positive and recover the upside space from the rally. The overall structure remains in a strong pattern. Combining the 4-hour chart, after consecutive declines yesterday tested the bottom support, this morning's volume-driven downtrend retested and broke below 73500 before stopping. The continuation of lower wicks indicates strong bottom support, but the early morning highs remain under pressure. Tonight the Fed interest rate decision will also impact the market, so daytime trading is likely to be consolidation. Our approach favors Bitcoin shorting overall.

Bitcoin reference 74500-75000 short, watching around 73500. Upon reaching target, can reverse to go long. Ethereum retesting around 2300 go directly long, take short-term gains. $BTC $ETH