Yesterday was another day of sharp decline, with a drop of over 5,000 points, indicating that the bearish momentum remains very strong.

From the current daily chart, there is a clear large-volume bearish candle, and the previous consolidation and bottoming pattern has been broken, with the trend shifting from consolidation to a weak downward channel.
The Bollinger Bands are continuously widening, and volatility is rapidly increasing. The price has already broken below the lower Bollinger Band, showing that the bears are still dominating the market.
Although a bullish candle has appeared now, it is unlikely to hold steady; rebounds are mainly technical corrections, and the downward structure remains very strong, making it difficult for the bulls to reverse the trend.
On the four-hour chart, the price is falling in a stepwise manner, with rebound highs gradually decreasing.
There are consecutive bearish candles, and the brief small bullish candles during the session are oversold corrections.
The Bollinger Bands are diverging downward, and the price is running close to the lower band.
If the price breaks below the lower band next, the target could be around 63,000.
Thus, the main bearish trend remains unchanged, and once a rebound occurs, it’s best to follow the trend and go short.
Midday short at 66,200-66,700 for Bitcoin, targeting around 64,000.
Midday short at 1,850-1,880 for Ethereum, #BTC触底66000 targeting around 1,750.