You can see that Bitcoin gradually declined after being pressured around 68,000 in the early morning, forming a downward correction structure. The bearish momentum gradually dissipated, and the price quickly dropped to around 66,500 to complete a liquidity release cycle. Although there was a technical rebound afterward, the rebound lacked continuation, and the overall trend remains in a weak consolidation zone. Currently, the price is oscillating around 67,000. Ethereum's movement is largely synchronized; after being pressured at high levels in the early morning, it gradually declined, with a brief rebound after touching 1927, and the price is now oscillating around 1940–1950. As is well known, my strategy at midnight was to focus on shorting at high levels. The market followed the expected downward correction, and short positions were successfully exited. Markets often behave this way: those who understand the structure are waiting for the right position, while those who don’t understand the rhythm tend to chase the price. The same market, different execution, naturally leading to very different outcomes.

From the current chart, Bitcoin on the 1-hour timeframe remains in a oscillating downward structure, with highs gradually decreasing. Rebounds are repeatedly suppressed by the middle band of the Bollinger Bands and short-term moving averages. The short-term trend is still dominated by bears. On the 4-hour chart, momentum indicators are gradually declining, and the overall structure leans toward a second decline after a rebound correction. The key resistance above is around 68,000, which coincides with moving average resistance and a previous dense trading zone. If a rebound reaches this area and faces resistance, the probability of a continuation of the downtrend is high. The key support below is around 66,500; if broken, further testing of the 66,000 region is expected. As for Ethereum, the 1-hour structure also shows a weak oscillating pattern, with clear resistance in the 1955–1970 area and support at 1925–1900. Overall, the current rebound momentum is limited, and the structure remains bearish. Therefore, the subsequent trading strategy remains to short on rebounds. #加密市场小幅下跌 $BTC