The current Bitcoin Bollinger Band position directly indicates a strong breakdown of the middle Bollinger support, with the middle band completely turning into a strong resistance. The Bollinger channel opening continues downward, and the downtrend is fully established.

Currently, the price is temporarily testing near the lower Bollinger Band, with short-term weak support at the 78,937 level. Once broken, the downward space will be fully opened.
There is still momentum for a short-term inertial decline, only a slight weak rebound correction is possible, making it difficult to change the large bearish pattern.
Previously, the 82,828 double top was formed, with high-level pressure causing a decline, and volume breaking below the critical 80,000 integer support line.
The current price has broken below the concentrated chip platform above, with a large amount of trapped positions stacked above.
Every subsequent rebound will face selling pressure from trapped traders, and the rebound height will be continuously suppressed.
Ethereum is highly correlated with Bitcoin throughout the process, with no independent rebound strength.
The 2318-2330 range above has become a permanent strong resistance during this rebound.
Short-term support is at 2230, with strong support at 2200.
Indicators at the high level have turned into a death cross, confirming a full bearish trend.
The trend will only be weaker than Bitcoin, with smaller rebound strength and greater downward elasticity.
Bitcoin: Short around 79,500, target: 78,000
Ethereum: Short around 2,270, target: 2,240