The 4-hour cycle is dominated by shorts, continuing to weaken. The price keeps slipping with consecutive down candles, probing below the lower Bollinger Band; after a brief choppy rebound, a large bearish candle in the evening engulfs all the upside gains. The Bollinger Bands remain open and continue to angle downward; the short trend is firm, and on the higher timeframe the outlook remains unchanged—“kang” stays the same.

On the hourly chart, after a period of deep oversold conditions leading to a small streak of consecutive bullish candles, the market has now shifted into a tight-range consolidation with alternating bullish and bearish candles. Short-term rebound momentum has been used up; this is only a continuation phase within the selloff, and the overall downtrend remains unchanged.

BTC rebounds around 63,300-64,000 “kang”, with a downside target at 62,300-61,000.

ETH rebounds around 1,730-1,770 “kang”, with a downside target at 1,700-1,620.