After reaching a new high of 74,046, Bitcoin began to face pressure and pull back, declining steadily downward. It only barely stabilized after retesting around 72,600. Although this pullback looks significant, it’s actually less than the gains from the recent rally. Those chasing higher have already been caught at the top, and the 74,000 resistance level we’ve discussed multiple times is once again under pressure. Regarding Ethereum, it also surged overnight to above 2,150, briefly recovered to the 2,200 resistance zone before facing selling pressure and pulling back. Currently, the retest is a typical high-level correction; the trend of retesting support remains unchanged, and there are still opportunities for upward movement.

From the four-hour chart perspective, Bitcoin is currently in a normal retracement phase after breaking out. Yesterday, after oscillating and retesting to confirm bottom support, it experienced a strong rally. Now, it’s in a correction phase following the high retest. The Bollinger Bands are expanding, and the moving averages are arranged in a bullish alignment, indicating upward momentum. In the short term, the moving averages are diverging, gradually forming a bottom support structure for the market. The retest after the breakout is healthy; as long as it doesn’t break below the support zone of the moving averages, there’s still a chance to test resistance again after consolidation. The four-hour ascending channel remains intact, with higher lows indicating that the retest is more about gathering strength rather than reversing trend. For those who missed the initial move, this retest could be an opportunity to enter.

Bitcoin can be accumulated around 71,500-72,000, aiming for near 74,000. Ethereum can be accumulated around 2,100, aiming for near 2,200. $BTC $ETH