After a significant overnight drop, the market continues to consolidate in a low range. During the day, there are occasional small rebounds, but the bulls lack momentum and cannot hold above the key resistance. The current price is under pressure below the moving average system, the weak pattern is clear, and bearish sentiment dominates.

The current market is a resistive consolidation after a sharp decline, with short-term technical repair needs, but there is a large amount of trapped positions above, and bullish funds are reluctant to participate. The medium-to-long-term bearish trend has not changed. Do not rush to buy the dip. Patiently wait for the price to rebound to the key resistance area, confirm stagnation under pressure, then place short orders accordingly.
BTC rebounds to the 59200-59700 range to go short, targeting 58200-57200;
ETH rebounds to the 1580-1620 range to place short orders, with downside targets at 1520-1450.
$BTC $ETH #Sharplink增持1万枚ETH