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$BTC $ETH After the morning market surged to the 61322 level, the bulls clearly lacked follow-through, and the upward momentum came to an abrupt halt! On the short-term level, the moving averages have turned flat, and a bearish alignment is about to take shape, signaling the complete end of this short-term rebound!
Don't be fooled by minor fluctuations on the chart; the overarching downtrend on the larger timeframe has never changed! The previous large bearish candlestick had already broken through the original upward structure, and the current downtrend remains extremely intact, with no signs of stabilization or reversal. Looking ahead, the market is expected to continue its downward trajectory!
BTC faces resistance in the 60800-61300 range, so directly place short positions! The initial downside target is 59000, with further downside space extending to 58000!
ETH decisively enter short positions in the 1640-1660 resistance zone! The first target is 1580, and the deeper pullback targets are directly around 1500!$BTC $ETH