Let me provide a simple recap of today's intraday action. After Bitcoin's early session close, the ratio maintained a pullback probing the support bottom. The daytime session remained in a consolidation range, with the intraday low touching 69150 around midday. Following the afternoon breakout from consolidation, we saw volume expansion toward the evening with the ratio breaking through 70000 resistance. Bitcoin reached a high near 70700 in the evening under pressure, currently oscillating around the 70000 level. Ethereum moved in line with Bitcoin, rallying to 2090 in the evening but still consolidating around the previous resistance of 2080. Our intraday approach maintained a lower long bias, capturing 1500 points on Bitcoin and 70 points on Ethereum. Most positions were opened during the daytime session with relatively modest profits, not recorded as spot trades.

From the daily chart perspective, the ratio's three consecutive bullish candles recovered near the upper band under pressure. The intraday high still lacks momentum for further breakout. The Bollinger Bands are currently flattening. Following yesterday's doji, today we again lack conviction volume without clear candlestick formation, overall still in an accumulation phase. Combining the 4-hour chart, the midline has moved up and after pullbacks hasn't shown substantial breakdown signals. The highs are continuously declining, with candles consolidating within a triangular range. The overall market is preparing for a directional move. Focus on the downtrend line pressure and potential breakdown of the support structure around 69000. Near-term, treat the 69000-71000 consolidation range, awaiting a breakdown to determine the major direction.

Bitcoin can short at 70500-71000, targeting 69000 nearby. Ethereum can short near 2080, targeting around 2020. #Gate2月衍生品市场份额创新高 $BTC $ETH