Bitcoin's daily chart continues its weakness with three consecutive down days, currently testing the midline support again. The market initially rose then fell sharply, with the rebound quickly reversing and eventually consolidating to break lower, touching recent lows and briefly breaking below the midline. The 4-hour level similarly shows three consecutive down days with a strong breakdown through the midline, with the earlier rebound rhythm severely disrupted and pullback momentum intensifying. As rallies weaken and highs continue to decline, bears gradually dominate short-term movement, with afternoon adjustments deepening and downside momentum strengthening further. We provided multiple hints at the beginning of this week, bullish on the formation and extension of mid-week bearish trends, and current price action gradually validates expectations. However, note that intraday reversals remain possible with rapid long-short switches in the short term.

Bitcoin hasn't broken below 69000 overnight; we can watch 70000 as the primary resistance above, with potential continued rebound toward 71500 after breakthrough; if unable to consistently break through 70000, watch the 68200-67000 support zone where long positions can be attempted.

Ethereum: For the overnight rebound, resistance to watch is 2150, with 2220 to observe after breakthrough. If unable to hold above 2150, need to guard against pullback, with support in the 2080-2060 zone; conservative traders can wait for opportunities around 2020.

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