The current market presents a differentiated pattern of long-term pressure and short-term warming, with the tug-of-war between bulls and bears entering a critical stage.

From a 4-hour perspective, the price continues to operate within a descending channel, with the upper resistance zone forming a strong barrier. As of now, there has been no effective signal of a breakout with increased volume, and a trending market has yet to open. In terms of candlestick patterns, the recent lower shadows have been consistently lengthening, which clearly reflects that the support from low-level buying is gradually strengthening, while the downward momentum of the bears is showing signs of weakening. However, the overall price remains trapped in a range-bound area, and the market has not formed a clear directional choice, with both bulls and bears temporarily in a stalemate. $BTC $ETH