Looking back at the intraday market, Bitcoin surged to the 60666 level before encountering resistance and turning downward, entering a standard bearish operating channel overall. In the afternoon, the price oscillated and consolidated within the 59200-59400 range for an extended period, repeatedly testing the middle Bollinger Band but failing to break through. Bearish funds then concentrated and expanded, with consecutive bearish candles rapidly declining, hitting a low of 58285. Currently, it has only slightly rebounded to around 59200 for consolidation.

The technical pattern on the chart is very clear: the Bollinger Bands are overall opening downward, with the upper and middle bands continuously shifting lower. Every rebound is suppressed by moving average resistance. During the decline, trading volume significantly increased, while the volume for rebound repairs continues to shrink. The market lacks incremental buying support, making it difficult to reverse the weak tone. Combined with the continuous fresh lower highs and lower lows, the bearish dominant trend shows no reversal signal. The subsequent operation still maintains the main idea of shorting at highs.
Bitcoin: short near 59200-59700 on rebound, targets 58200-57200.
Ethereum: short near 1580-1610 on rebound, targets 1510-1450.$BTC $ETH #Solana生态ANSEM暴涨