On the daily chart, a large-bodied bearish candle closes within the lower range; the close is near the day’s lows, and the bulls have no strength for a rebound. In the earlier period, there was a long-term tight sideways range where bulls and bears were locked in a stalemate with light participation; yesterday, funds fled and volume surged to break the range and open up more downside space.

After long-term consolidation and storing energy, the bulls failed to hold on; the bears then concentrated their efforts and pushed through a one-way decline. The daily bearish candle has completely reversed the chart’s structure—support has been broken and all indicators have turned bearish. There is still room for a short-term pullback, but a solid rebound is unlikely in the near term.

On the 4-hour chart, a complete downward channel remains intact. Each rebound high keeps moving lower, forming resistance—once price touches it, it comes under pressure and pulls back. Combined with yesterday’s high-volume selloff and multi-timeframe resonance turning bearish, the bears’ advantage is firmly established, and further weakness is expected to continue to probe lower.

btc rebounds near 63300-64000, down to 62500-61500

eth rebounds near 1690-1730, down to 1660-1600