Currently, the chart pattern clearly shows a head and shoulders formation, with a clear trend direction and no suspense. The four-hour timeframe shows a continuous volume-driven decline from the head and shoulders pattern, directly breaking below the middle and lower bands of Bollinger Bands. Moving averages have also turned downward, forming a head and shoulders arrangement. The MACD remains below the zero line with increasing momentum, and there are no obvious signs of weakening in the downward force. Overall, the structure has entered a weak downward channel.

Any short-term rebounds are purely technical corrections and do not indicate a trend reversal. The head and shoulders rebound strength is limited and faces high resistance. Trading should follow the trend, focusing mainly on rebounds to the head and shoulders pattern.

BTC: Head and shoulders around 69,000-69,800, with a target of 68,000-66,000.

ETH: Head and shoulders around 2,080-2,130, with a target of 2,030-1,930.