From a technical perspective, a clear correction signal has appeared on the four-hour chart. Although the price previously experienced a strong rally and opened up a trading channel, it failed to stabilize and continue upward. Instead, after oscillating and consolidating, it sharply declined, shifting the trend from strong to weak.

The overall market is operating with decreasing volume, with insufficient buying follow-through. The price-volume relationship is poor, further increasing the risk of a decline. Meanwhile, moving averages have shifted from a head-and-shoulders pattern to convergence, with significant resistance at higher timeframes. The rebound lacks strength to break through, and short-term reversal signs are emerging.

After a continuous rally, the market is now entering a phase of consolidation and digestion of gains. In the short term, momentum is weak, and there is still room for a pullback below.

BTC: Around 67,000-67,800, with a downside target of 66,000-64,800

ETH: Around 2,070-2,120, with a downside target of 2,020-1,960