ETH just broke through support on the 4-hour chart, while BTC is still consolidating in a narrow range at the high level. The structure hasn’t broken down yet, and as long as this moving average doesn’t break with high volume, BTC’s bullish structure remains intact. The 87,000 level above is a clear resistance zone and the key threshold to determine whether BTC can continue expanding upward. On the other hand, ETH is facing a real on-chain supply shock, while BTC’s exchange balance has dropped to its lowest level since March 2018. BTC’s on-chain accumulation structure is far more solid than ETH’s. This explains why, under the same market pressure, BTC’s 4-hour support is much stronger than ETH’s. The next focus is clear: for BTC, whether it can hold above 85,600 on the 4-hour chart. If it breaks through with high volume, the 4-hour upward momentum window will reopen. ETH’s on-chain supply pressure is a structural factor that’s hard to digest quickly in the short term, while BTC’s technicals remain the dividing line between bulls and bears. BTC’s 4-hour offense and defense are far more worth watching than any of ETH’s indicators.