4.2 Morning

1-hour chart surged to 69164.5 then faced resistance and dropped sharply, with bullish momentum rapidly diminishing. The trend shifted from strong to bearish. Price broke below the middle band of the Bollinger Bands, entering a weak consolidation zone, with rebound strength continuously waning.

Strong resistance zone: The upper band at 69044 is the core resistance, with dense resistance in the 68400-69000 range.
Indicator signals: KDJ death cross diverging downward, a clear bearish trend, high probability of oscillating downward.
Key support: The lower band at 67889 is short-term support. If it is broken effectively, further downside space will open.
☝ Trading strategy: Focus on short-term short positions, riding the trend on pullbacks.

Bitcoin: Around 68600-69300, target: 66500-67000

As Bitcoin weakens, the rebound is powerless, dominated by bears, with heavy resistance at 2150-2200. The trend appears even weaker than Bitcoin, lacking an independent trend, and Bitcoin tends to accelerate downward during pullbacks.

Altcoin: 2150-2180, staggered short positions, target: 2080-2000 (wave decline)

⚠ Risk warning
Cryptocurrency is highly volatile. Strategies are for technical reference only and do not constitute investment advice. Always trade with small positions, set stop-losses, and strictly control risks. $BTC $ETH