4.2 Afternoon Bitcoin Brief: Yellow Hair's Speech Causes Market Turmoil, Short-term Pressure Clearly Evident.

In the morning, BTC was pressured from the high of 68,640, with Elon Musk's speech triggering a stampede, touching a low of 66,170. Ethereum retraced from around 2,160, with increased bearish momentum, reaching a low of 2,037.

The hourly chart shows this round of decline approaching 66,000, once again completing a double top; support and resistance turned at around 67,500, with the midline resistance at 68,000, indicating short-term strong bearish pressure.

Two-hour chart broke below a key support level, with a long lower shadow expected on the close. It’s unlikely to make new lows in the short term. The four-hour chart currently holds at the 66,000 critical line, with increased bearish volume.

Spot gold and spot silver are plunging; it is expected that major cryptocurrencies like BTC and ETH will undergo a slight correction and then fall back again.

BTC suggestion: Short around 67,000, add to short at 67,500, target 66,000.

ETH suggestion: Short around 2,065, add to short at 2,100, target 2,030.

No malicious guidance, purely sharing ideas, adhering to community guidelines.