#比特币对比代币化黄金 The market's downward momentum continues to intensify, and the bears have executed this round with solid rhythm. The recent price action confirms previous predictions, and traders who kept up with the trend should have already seen good returns.

The crypto market is never purely one-sided; cycles of ups and downs and shifts between bulls and bears are the norm. Opportunities are hidden within volatility, and true skill is shown amid choppy markets. The market speaks for itself—the key is not to go against the trend. Following the trend is the long-term approach.

Looking at the current technicals—the bearish momentum is still building, and the pattern is already established. On the four-hour chart, although there are alternating bullish and bearish candles, the rebound green candles are clearly weak and are almost all engulfed by subsequent red candles. After the candlesticks strongly broke below the middle Bollinger Band and continued to fall, the bearish dominance is obvious.

On the hourly chart? The bears are even stronger. Consecutive red bars are dragging the trend steadily downward, with no sign of momentum exhaustion. The MACD bearish divergence and death cross are still deepening, with the histogram continuously expanding, showing full control. How to trade this kind of market? Following the trend with short positions is the main theme—stick to the rhythm of the trend, don't try to bottom-fish for bargains, and steady follow-through will allow you to capture the swing.

Specific reference levels:
$BTC Short in the 91,500-92,000 range, target below 90,000
Ethereum: Short in the 3,130-3,170 range, target 3,000

Of course, technical analysis is only an auxiliary tool—the market changes rapidly, so remember to set stop losses and manage your position size when trading. Don’t put all your eggs in one basket; risk management should always come first.