The daily chart currently shows a four consecutive bearish candles pattern, with the price center of gravity continuously declining, and overall trading below the middle band of the Bollinger Bands, indicating that the bearish trend has not yet reversed. From the perspective of individual candlestick structures, the bodies are relatively short, suggesting that bulls and bears are engaging in some tug-of-war at lower levels, but the upper shadows are noticeably long, reflecting strong selling pressure encountered during the rebound, with resistance above effectively holding. Regarding the Bollinger Bands, the upper band has turned downward, forming a convergence with the middle and lower bands, which then diverge again, further emphasizing the current market weakness. Overall, the short-term trend remains dominated by the bears, with prices repeatedly testing lower support levels under the suppression of the middle band. If the price fails to reclaim the middle band and stabilize, the market may continue to consolidate weakly or even move further downward. In trading, caution is advised; respond with a trend-following mindset after rebounds encounter resistance, paying close attention to the support strength in the lower band area and whether a bottom formation confirmation signal can develop.

For BTC, a major breakdown has occurred; if it does not break below 70,800, then watch the 68,700–68,000 range. Wait for long positions to pull back into this zone, and after breaking above 70,800, look for a rebound with resistance at 71,500.

For ETH, if 2,160 does not break, watch 2,100; if broken, look for 2,050–2,020. Wait for long positions in this zone; if 2,150 is broken, the rebound will likely continue higher, with resistance at 2,230–2,250.