The daily chart continues to face pressure. With consecutive bearish candles and a steady step-by-step decline, bearish forces are building up layer by layer. At the start of the week, the market briefly fell into a period of choppy consolidation, with prices moving back and forth in a narrow range. It appears to show signs of a bottoming out and stabilization, but in reality, it was only a short pause during the ongoing decline.

Until yesterday, bears concentrated their selling and dumped the market in volume. The price then broke down immediately with a large bearish candle, successfully losing the key integer level and completely breaking through the short-term support defense line. The downtrend has now officially accelerated, and the risk of further downside is significantly higher going forward.

At present, the overall daily trend remains weak. All kinds of technical indicators are aligned toward bearishness, and the pace of short-term adjustment is unlikely to end quickly. The strength of rebound and recovery is most likely to be weak.

btc rebound 61000-61600 near, look down to 60200-59000

eth rebound 1640-1680 near, look down to 1600-1530