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From the 15-minute short-term chart, BTC has shown clear technical signals: the MA7 moving average breaks downward through the MA30 moving average, forming a standard death cross pattern. The price has directly fallen below the short-term moving average support defense line, with weak follow-through from the bulls. Bearish momentum is gradually releasing and continuously building, and a short-term downward pressure and decline pattern has taken shape.
Meanwhile, ETH and BTC are highly correlated and weakening in sync. On the same 15-minute cycle, ETH also forms a death cross structure with MA7 crossing below MA30, and then follows through by breaking below the key support level on the chart. Across the market, coins are moving in resonance toward weakness; the bulls’ counterattack lacks strength. There is no continuation of a rebound, and the short-term bearish trend is fully established right now. In the near term, the market is likely to continue a weak and range-bound downward movement.
BTC rebounds short around 81800-82300, targeting 80000.
ETH rebounds short around 2360, targeting 2260.