From the four-hour timeframe, the market initially showed continuous bullish candles and upward movement, indicating strong buying momentum. However, when reaching the upper band, it faced heavy resistance and failed to break through, suggesting significant overhead resistance. Additionally, the Bollinger Bands did not continue upward, and the market is stuck in a range-bound tug-of-war.

On the one-hour level, a downward channel has formed, with the upper band serving as a key resistance level. Previous attempts to probe this area confirmed that the pressure is substantial. Overall, the market is more likely to see a large bearish retracement in the near future. It is recommended to short on rebounds and to cautiously manage market timing.

Bitcoin: Range around 73,000-73,500, with a rebound at 74,000, and a further decline towards 72,000-71,000#btc