Short-term moving averages are moving down in sync and arranged in a downward “tuo-tou” pattern. The “tuo-tou” support has failed, and the downtrend is clear. Price is trading along the lower Bollinger Band, confirming a weak posture; support is weak, making further downside likely and easy.

After an overnight selloff with increased volume, morning trading volume is sluggish. There is poor willingness for “tuo-tou” capital to step in; only a small amount of “tuo-tou” dip-buying drives a weak rebound, and insufficient momentum makes a reversal difficult.

Two sets of key moving averages above are imposing dual pressure. The short-term moving averages intercept the rebound, while the mid-term moving averages lock the upward height. Trading is quiet; the rebound lacks funding continuity, so it is not sustained, and after pushing higher it is prone to pull back.

Indicators show a “tuo-tou” signal: the MACD two lines are both moving downward, with DIF and DEA below the zero axis. The green energy histogram bars have not shrunk. “tuo-tou” dominates; a short-term reversal is unlikely—follow the “tuo-tou” trend.

BTC rebound near 62500-63200, then look down to 61700-60600.

ETH rebound near 1750-1780, then look down to 1720-1660.