The 4-hour trend shows that after consolidation, the price rebounded to the middle band of the Bollinger Bands seeking support and bounce, but the rebound lacked strength and failed to hold above the middle band. Subsequently, it reversed sharply downward, closing with a large bearish candle and retreating to near the lower band of the Bollinger Bands.

After that, the market showed no stabilization signal at the bottom, displaying a continuous pattern of bearish candles engulfing bullish ones with weak recovery attempts. The bounce highs declined, with the overall trend oscillating lower around the lower band, and the center of gravity sinking. Meanwhile, the Bollinger Bands indicator is opening downward with the lower band declining, indicating strengthening bearish momentum and further confirmation of the downtrend.

Combining the chart pattern and volume, a bearish trend has formed and is continuing. It is recommended to follow the trend with a bearish bias, focusing on selling at highs.

BTC: Sell around 68000-68800, target support at 67000-65500

ETH: Sell around 2070-2120, target support at 2020-1850