Bitcoin as a whole is showing a choppy downward pattern. Since around 81,982 at the early hours of today, it has started to pull back from the recent high. During the oscillation and decline, it gradually broke below short-term support and probed down to the 80,124 low area. Ethereum’s price action is highly correlated with Bitcoin: it started its downward move in sync from the 2,318 high and dropped to the 2,265 low. The entire move displays a weak “catching up and falling along” style, and the linkage across the charts is clearly highlighted.

On the daily timeframe, there is a technical risk of a breakdown of the upward channel. After multiple failed attempts to break through the 82,000 level and the formation of a double-top that pressured the market, price action has gradually switched to a rhythm of oscillating and moving lower. Bearish momentum has begun to release in stages, driving the short-term moving-average system to turn downward. The MACD indicator’s red histogram bars continue to shrink, and the RSI relative strength indicator has slipped back from the overbought zone. This structure suggests that near-term bullish momentum is fading, and the uptrend faces phase-by-phase adjustment pressure. On the four-hour timeframe, the weak pullback tone continues: price has repeatedly probed into the 80,000 central support area, the Bollinger Bands are opening gradually toward the downside, and it shows technical characteristics of an oscillating but relatively weak market—further weakening the foundation for the daily timeframe’s bullish trend. At present, the market rhythm indicates that bearish strength is still steadily building. The short-lived bounces seen in the meantime are not trend-reversal signals, but rather typical bull trap / stop-hunt followed by a shakeout; the core purpose is to accumulate energy for further downside. In this morning’s trading, the main approach is still centered on setting up short positions on rebounds. For resistance, the key area to watch is 81,800-82,000. For support, focus on the key zone at 79,200-79,500.

Specific trading recommendations: Watch how the market reacts to the 81,800-82,500 range and the two levels at 83,300 and 84,500. If resistance is met and holds without being broken, you can consider going short from higher levels, targeting a downside move of 500-6000 points.