Today, Bitcoin (大饼) overall moved in a "unilateral decline and accelerated breakdown" trend. After opening in the early morning, the price oscillated around 69,000 and then fell back, breaking below the 68,000 level in the morning. In the afternoon, the weakness continued, with a steady decline to below 67,000, and in the evening, the downward momentum accelerated, reaching a low of around 65,536, hitting a nearly one-month low. The entire day showed a standard downward channel, dropping from 69,000 to 68,000 in the morning, then from 68,000 to 67,000 in the afternoon, and further breaking below 66,000 in the evening. Each decline was accompanied by new lows, with almost no significant rebounds during the session, leaving the bulls powerless. Ethereum (姨太) moved in sync with Bitcoin, rebounding around 2070 before declining steadily to around 1980 for consolidation. During the day, our real trading strategy remained bearish, with Bitcoin gaining a total of 3,700 points in profit, and Ethereum gaining 125 points.

From a daily chart perspective, Bitcoin has closed in red for three consecutive days, with today’s candle forming a large bearish candle, breaking below the 66,000 integer level. The daily candlestick has moved far away from the 5-day and 10-day moving averages, with a large divergence. The MACD fast and slow lines are below the zero axis, with a death cross diverging downward, and the green histogram continues to expand, indicating that the daily adjustment is still accelerating. The Bollinger Bands are in a narrowing phase, and further downward movement will require increased volume to open up the current pattern. Combining the four-hour chart, Bitcoin is in an accelerating downtrend, with the high points gradually moving lower and the lows progressively breaking, forming a steep downward channel. The market continues to hit new lows, with price gradually moving away from the middle band, further opening space downward. In the short term, after some consolidation, the outlook remains bearish.

Bitcoin can be shorted around 66,000-66,500, with a target near 63,000. Ethereum can be shorted around 2,000-2,030, with a target near 1,900. #加密市场回调 $BTC $ETH