Yesterday, Bitcoin rebounded to the resistance level at 61900, then faced pressure and pulled back, with a one-sided decline to around 58000. Ethereum simultaneously retraced to 1530. All the short position layout points given earlier were accurately realized.

From the current chart, on the daily timeframe, price is running between the middle and lower Bollinger Bands, with the bands opening downward, clearly indicating a bearish trend. On the 4-hour timeframe, the Bollinger Bands are opening downward, with the K-line running along the lower band. Every rebound meets resistance at the middle band, and the MACD death cross continues. This rebound is merely a pause in the downtrend, with no reversal signal. On the hourly timeframe, there is only a brief oversold consolidation at the low of 58030, with price under pressure below the middle Bollinger Band. The MACD is weakly recovering at a low level without forming an effective bullish golden cross. Long momentum is weak, and the overall outlook remains biased toward further downside.

Bitcoin: short around 59800-60300, target 58000-57000, if broken, then follow through to 55000
Ethereum: short around 1570-1600, target 1500-1400#美光市值超越Meta跻身全美前十 $BTC $ETH