The most stable rhythm in trading has never been chasing the market, but learning to wait for the wind to come. Don't panic when it falls, don't be greedy when it rises, hold onto your own rhythm, and the market will give you the answer. Yesterday, Bitcoin was mainly in a bearish downward trend, with the price breaking from around 63,567 and dropping sharply, touching a low of 60,755. Then, a technical correction of about 1,500 points began at the low, rebounding up to around 62,200, and finally falling back under the Bollinger upper band under pressure, currently oscillating around 61,800. Ethereum followed Bitcoin, dropping sharply from the intraday high near 1,714, touching a low of 1,613, then starting a technical correction, rebounding up to around 1,662, facing resistance and falling back, currently oscillating around 1,648. Yesterday, Bitcoin gained a total of 1,025 points, while Ethereum gained 45 points.

Bitcoin is currently oscillating around 61,800. The upper Bollinger middle band at 61,860, the previous decline platform at 62,200, and around 63,000 are all strong resistance levels. Each small rebound struggles to break through key resistance. After oscillating within the current range, Bitcoin is likely to break below the Bollinger lower band support and continue downward. If the price cannot effectively break through the resistance near the Bollinger middle band, the bearish trend will not change, and any rebound is an opportunity to short. In a clear bearish downward trend, price rebounds face resistance and fall back, with key resistance levels blocking the way, and bulls unable to mount a strong counterattack. The KDJ indicator is falling back, indicating that the rebound momentum has exhausted. The overall bearish pattern remains unchanged, and the likelihood is that it will continue weak oscillation or further decline.

Wednesday morning operation
Bitcoin: around 62,000, target 60,500
Ethereum: around 1,660, target 1,600