Intrad ay big cake was suppressed by the bears the whole time, with friction that dragged it along—there were absolutely no signs of any turnaround in the downtrending, oscillating pattern! In the early hours, under heavy pressure around 79,400, it immediately weakened; multiple attempts to rebound failed to hold above 79,000. The highs kept getting lower one after another, making the weakness obvious! In the morning, it even accelerated into a plunge, smashing through key support directly. The low probed around 77,410. After the needle dipped, there was only a brief rebound to 78,200, but it had no strength—there was no way it could recover the losses. It is currently still stuck, struggling below 78,000!

Ethereum is also syncing into flat weakness. After the early-morning high at 2,412, it slipped lower all the way with a steady downward drift. Rebound highs stepped down one level at a time. It only saw a technical repair after probing down to 2,330 at midday. When it bounced back to 2,355, it met resistance and fell back again. In the end, it weakly oscillated around 2,340, with no ability to resist!

The market structure has completely turned bearish! For big cake, the 1-hour downward channel has formed perfectly: highs are moving lower, and lows are being refreshed. Rebounds can’t hold above 78,200, and the 78,500–79,000 range has directly become a high-pressure zone. The 4-hour moving averages have turned downward, with no stop-the-bleeding signals—pullbacks haven’t ended yet! Ethereum is also weakening: on the 1-hour chart, rebounds can’t break through the 2,360 resistance. On the 4-hour chart, breaking below the consolidation range continues the decline. Don’t expect stabilization in the short term!

Overall, this is a weak rebound within a bearish trend—absolutely no sincerity of a reversal! In terms of trading, be firmly decisive about shorting rebounds. Enter in batches into the overhead resistance zones. Once it breaks below the intraday low again, the downside space for big cake will open up, and Ethereum will follow the drop in sync. Don’t miss the bearish carry/capitalization advantage! #比特币反弹 $BTC $ETH