Reviewing the intraday market, Bitcoin opened around 71,600 and fluctuated downward, breaking below the 71,000 level in the morning. It briefly consolidated in the 70,800-71,000 range but lacked rebound strength. In the afternoon, it continued to decline, accelerating after breaking the 70,000 mark, with the lowest touching around 68,553 in the evening. It then slightly recovered to around 68,950 to consolidate. Overall, the trend was predominantly a one-way decline, with no significant intraday rebound momentum. Ethereum followed the same pattern as Bitcoin, rebounding to around 2,170 at high points, then consolidating downward, with a low of about 2,050 in the evening. It has now recovered to around 2,060 and is consolidating. Today, we adhere to the idea that as long as key resistance levels are not broken, the outlook remains bearish with increased volume. In real trading, Bitcoin has gained a total of 2,700 points, and Ethereum has gained 160 points. It’s not that the market is hard to trade; it’s that you haven’t grasped the direction.

From the four-hour chart, Bitcoin is in the continuation phase of a downtrend. Recently, it has struggled to recover above 72,000, with key resistance consolidating in a decreasing volume pattern. The formation shows a double top structure. After further retracement tonight, breaking the previous key support at 69,000 without increased volume indicates that bears currently dominate the market. Although volume has faced resistance, breaking support will gradually expand the downside space. The MACD fast and slow lines have crossed to a death cross, and the price is running around the lower band. Further volume expansion will open up more downside space, and the overall market still has the potential to reach new lows. Maintain a high short position for trading.

For Bitcoin, consider shorting between 69,300-69,800, targeting around 68,000. For Ethereum, consider shorting between 2,070-2,100, targeting around 2,000. #加密市场回涨 $BTC $ETH