Currently, Bitcoin and Ethereum are moving into a clear downtrend channel on the 4-hour chart, with Bollinger Bands opening downward, and prices continuously under pressure below the middle band. The MACD remains below the zero line with a dead cross ongoing, and the bearish green bars are expanding; although the KDJ is in the oversold area, it has not formed an effective golden cross, indicating that the bearish momentum has not been completely exhausted.

On the hourly chart, both coins are experiencing low-level consolidation and grinding, with the middle Bollinger Band continuously suppressing the trend. The MACD bearish momentum has slightly contracted but remains below the zero line; the KDJ is slightly turning upward from the oversold area, but the rebound strength is extremely weak, overall showing a weak sideways movement after a decline, with the bulls unable to mount a strong counterattack.

Intraday trading reference

Bitcoin rebounds near 76,200 and follows the trend to go short, with a short-term target of 75,300;
Ethereum rebounds near 2,265 and positions for a short, with a target below at 2,230.