The short-term moving averages are synchronously arranged in a “bearish fan” formation, the “bull support” has failed, and the downward trend is clear. Price is moving along the lower Bollinger Band, confirming a weak structure; with support weak, it is likely to fall further.

After the heavy-volume selloff overnight, trading volume in the morning is lackluster. The willingness to enter with “bullish capital” is poor; only a small amount of dip-buying “bullish capital” drives a weak rebound, but insufficient momentum makes a reversal difficult.

Two sets of key moving averages overhead are exerting dual pressure. Short-term moving averages curb any rebound, while mid-term moving averages lock in the upward height. Trading is quiet, and the rebound lacks sustained funding continuity—after a push up, it is prone to pull back.

Indicators show “bearish fan” signals. The MACD dual lines are moving downward; DIF and DEA are below the zero axis, and the green energy histogram bars have not contracted. The “bearish fan” is dominating, and a short-term reversal is hard; follow the “bearish fan” trend.

BTC rebounds around 62500–63200, then look down to 61700–60600.

ETH rebounds around 1750–1780, then look down to 1720–1660.