Bitcoin Overall Trend

From the chart, it is clearly visible that this is a definite downtrend.
The price has been declining from a high near 80,000, with a low of approximately 69,970.
The moving averages (white, pink, blue) are arranged in a bearish alignment, and the price continues to stay below these averages, which is a typical weak signal.
Technical Indicator Analysis
Candlestick Patterns: Recently, there have been consecutive large bearish candles, indicating strong bearish momentum and market sentiment leaning bearish.
Support and Resistance: The current price has found temporary support near the 70,000 level, but the validity of this support remains to be seen. Key resistance levels above can be referenced at the recent rebound high of 72,200, as well as the moving average pressure levels above.
Indicator Signals: The scatter indicator (light blue circles) and the moving average system are both trending downward simultaneously, with no obvious divergence or reversal signals, suggesting that the downward momentum has not yet fully exhausted.
Short-term Trend Projection
Further Decline: If the 70,000 level is effectively broken, the next support could be around 69,000 or even lower, targeting previous key levels.
Technical Rebound: If the price stabilizes around 70,000, a rebound towards the 72,200 resistance level may occur. However, given the overall downward trend, the rebound may be limited in height.
🎯 Key Resistance Levels
First Resistance: 72,000–72,200, which is the recent rebound high and the dashed line resistance on the chart. Only a breakout above this level could open further upside potential.
Second Resistance: 74,000–75,000, which is the bottom of the previous consolidation zone and an important pressure area within the moving average system.
Third Resistance: 77,000–78,000, which is the high point of the current retracement during the downtrend and a critical watershed for bulls and bears.
🛡️ Key Support Levels

First Support: 69,900–70,000, which is the recent low and an integer level, representing the most crucial support at present.
Second Support: 69,000–69,500, extending from previous significant lows, which should be closely watched if the 70,000 level is broken.
1. Ethereum Overall Trend

This is a clear mid-term downtrend, with the price continuously falling from previous highs and currently around 2060.
The moving average system (white, pink, blue) is arranged in a bearish alignment, and the price remains below these averages, indicating a generally weak market.
2. Technical Details

Candlestick Patterns: Recently, there have been consecutive bearish candles accompanied by increased volume, showing that the bearish force still dominates the market.
Indicator Signals: The scatter indicator and the moving average system are both trending downward, with no obvious bullish divergence or reversal signals, indicating that the downward momentum has not yet fully played out.
Support and Resistance: The current price found temporary support at the 2060 level, but the validity of this support needs further observation.
3. Key Support and Resistance Levels

Key Resistance:
First resistance at 2100–2120, which is the recent rebound high and a pressure level within the moving averages;
Second resistance at 2200–2250, which is the bottom of the previous consolidation zone.
Key Support:
First support near 2060, which is the current low and an integer level;
Second support at 2000–2020, extending from previous important lows and potential support levels.
4. Short-term Trend Projection

If the 2060 support is effectively broken, the price may decline toward the 2000 level to seek stronger support.
If the price stabilizes around 2060, a technical rebound towards the 2100–2120 resistance zone may occur. However, given the overall downward trend, the rebound is expected to be limited in height.