The current market momentum is weak, with price lows continuously declining and rebound highs struggling to break through previous resistance levels, forming an overall downtrend. The Bollinger Bands indicator is diverging downward, signaling sustained selling pressure and expanding downside space.

Meanwhile, bullish momentum is fading, with weak and non-persistent rebound strength, while bearish dominance is clear. Short-term reversal signals have not yet appeared.

Weekend market uncertainty is increasing, and fund trading sentiment is prone to extreme swings, which may intensify price volatility and create sharp selloffs or rallies. Blind bottom-fishing and counter-trend long positions carry high risk and are prone to passive losses.

In terms of operations, maintain trend-following strategy with rebound highs as the core for short selling.

Bitcoin: Resistance around 69300-70000, downside target 68300-66000

Ethereum: Resistance around 2100-2150, downside target 2050-1900