Bitcoin rebounded to 69,000 last night before bears pushed aggressively, with a spike down to 67,300 in the early morning. Ethereum simultaneously pulled back to 2,020, with previous high-altitude short positions playing out as expected.

The current market remains weak, with Bitcoin continuing to make lower lows and weak rebounds. The hourly chart shows a one-sided downtrend with stepped declines, with the oscillation midpoint shifting lower. Bulls lack volume support, making a short-term reversal difficult. The 4-hour Bollinger Bands are opening downward, the midline has turned into strong resistance, price is oscillating downward along the lower band, indicators showing death cross divergence, with bears dominating the market. For future operations, continue following the trend with high-altitude short positioning unchanged!

Bitcoin rebound 68,500-69,300 to short, downside target 67,000-65,500, if broken through then follow the trend down to 63,000
Ethereum rebound 2,080-2,120 to short, downside target 2,010-1,910#Gate13周年全球庆典 $BTC $ETH