Saturday all day, the overall trend shows a high-level consolidation after a rebound. Bitcoin stabilized around 65,500 in the early morning and gradually recovered upward. During the white session, multiple dips did not create new lows, and the market's focus continued to rise. From afternoon to evening, it surged above 67,200, forming a clear stepwise upward structure throughout the day. Simultaneously, Ethereum rebounded around 1,970, repeatedly consolidating near the 2,000 level during the white session, with a high of about 2,049 in the evening, following Bitcoin to complete a volume-driven upward move. Although the intraday trend appears relatively strong on the surface, it is evident that each rally lacked sufficient continuation; the high-level support did not continue to expand, mainly reflecting a shakeout and digestion after the rise. It is important to note that, despite the overall strength of the market today, each upward extension was not smooth; the high levels mostly showed pauses and consolidations after rises, indicating that current market sentiment is still primarily driven by short-term funds. There has been no sustained volume breakout above resistance, and the more the market stays at this level, the more it tests the judgment of the rhythm rather than chasing the rally based on emotion.

From the current market structure, Bitcoin’s 4-hour timeframe remains in a rebound phase following a previous decline. Although it has re-established above 67,000, the area between 67,200 and 67,500 remains a zone of previous heavy trading and selling pressure. After consecutive rebounds, volume has not expanded proportionally, indicating that the momentum for further upward attack is weakening. If it cannot effectively hold above 67,200 later, a pullback and correction are highly probable. The key support is around 66,700; if broken, a further decline toward 66,400 could open up. As for Ethereum, the area above 2,040 also represents a phase of resistance. In the 4-hour structure, the rebound is approaching the previous high-pressure zone, while below around 2,020 has become a short-term dividing line. If broken downward, it could easily return to consolidating near the 2,000 level. Overall, it is not recommended to chase longs at this point; future strategies should focus on a high-level short position after a rebound and resistance. Bitcoin should be shorted at resistance levels, while Ethereum, around high resistance, should participate in declines. Under the current structure, the value of short positions is significantly higher than chasing the rally.