Early session price action shows limited volatility, with the rebound failing to provide new breakouts. The early morning rebound remains at the top of the oscillation range, with the trend continuing to lean toward a weak bearish structure. The approach should remain focused on downside scenarios.

From the hourly chart perspective, we are currently in a consolidation phase following a bounce off the bottom. As the Bollinger Bands continue to shift lower, the price has entered a consolidation range following the bottom bounce. However, a rebound does not necessarily indicate a reversal; rather, it is a correction after exploring the lows. There is significant pressure at higher levels with further downside potential. On the indicators, KDJ shows signs of high-level blunting with a potential death cross, while the 70000 level currently faces no resistance. Continue monitoring the 69000 support at the bottom; if that breaks, watch for 68000 nearby.

Bitcoin can short around 70500, targeting around 69000. Ethereum can short around 2150, targeting around 2100. $BTC $ETH