Today, Bitcoin showed a pattern of rising sharply and then pulling back, followed by oscillation downward. After the opening, the price slightly consolidated around 68,900, then quickly weakened, breaking through the 68,500 and 68,000 levels consecutively. The decline accelerated in the morning, with the lowest point reaching around 66,000, and then a slight rebound to around 66,900 to consolidate. The entire day exhibited a unidirectional downward trend, with the high point gradually moving below 68,000 from 68,900, and the low point dropping from around 68,000 to 66,500. The rebound strength during the session was weak, and the bulls had little resistance. Ethereum also weakened simultaneously, falling from around 2,150 to about 2,020 for consolidation.

During the day, there were many positions arranged. The Bitcoin long positions were mostly closed at a loss, with a total profit of 3,400 points. The Ethereum positions were not closed at a loss, with a total profit of 195 points.

Currently, on the daily chart, the price has retraced the previous recovery space but faced resistance after pulling back to the 68,000 level, without showing further substantial breakdown signals. The daily candle has a relatively long lower shadow, but overall, the price remains around the middle to lower band of the range. The MACD fast and slow lines have not yet shown a golden cross, indicating the trend is still more inclined toward consolidation and adjustment. The middle band remains unbroken, and the bulls’ recovery still faces some resistance.

Looking at the four-hour chart, a series of downward shadows turning into upward candles have recovered nearly half of the intraday retracement space. The price has reached near the middle band but has not shown further continuation. The key resistance at 68,000 remains a critical point for the bulls and bears to switch. Currently, at the high rebound levels, further downward movement can be considered.

Bitcoin can be shorted in the range of 67,300-67,800, targeting around 66,000. Ethereum can be shorted in the range of 2,065-2,080, targeting around 2,000. #加密市场行情震荡 $BTC $ETH