Position: Like Bitcoin and Ethereum, both are anchored to the middle of the channel. The recent trend proves that the previous breakout above the channel's upper boundary was a false breakout (as already indicated yesterday); Wave: Currently, the decline starting from 70,000 has completed three segments. We are now in the fourth segment, which has already broken below the 0.618 retracement of the 62,000-70,000 upward move. Resistance is at 66,500, which is the end of the first decline and also the position of the 4HEMA21 moving average today.