Bitcoin Market Analysis: On the weekly timeframe, MACD and KDJ are both forming a death cross, and the Bollinger Bands are opening downward. Once a death cross of this magnitude forms, it will not reverse quickly. The mid-to-long-term bearish trend has been established, and the decline cycle will continue to lengthen. All bounces are just pauses in the downtrend. As long as the weekly candle does not reclaim above 64600-65100, the bears remain in control. Breaking below 58000 today will trigger a new round of deep decline. ​​​

Ethereum Market Analysis: On the 1-hour timeframe, looking at the Fibonacci structure, we can see that after yesterday's sharp drop, the rebound only reached the Fibonacci resistance zone of 38.2%-50% around 1580-1595 before encountering resistance. This is a standard bearish bounce correction. If the intraday rally fails to break through, it will fall back to test 1530. If it breaks above 1620 with volume, there will be some short-term recovery room; otherwise, weakness will continue.
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Bitcoin Intraday Trading Suggestion: Short around 60800 on a bounce, stop loss at 61800, target around 58000. If it breaks, target 56500-56000 area; if not, go long.

Ethereum Trading Suggestion: Short around 1590 on a bounce, stop loss at 1620, target around 1530-1500. If it breaks, target 1465-1445 area; if not, go long. (Strategy for reference only)#BTC #ETH