Combining the 15-minute, 4-hour, and 8-hour cycles, after the price surged to 64,693, the bullish momentum was completely exhausted, triggering a continuous decline. The short-term rebound from geopolitical news was only a flash in the pan and could not reverse the bearish trend. On the 15-minute chart, a downward channel has formed, with rebound highs constantly lowering. Currently oscillating around 63,300, this is merely technical repair after the sharp drop. Selling pressure is dense above, and rebound momentum is fading rapidly. The 4-hour and 8-hour cycles are weakening synchronously, with highs gradually falling. A complete downward channel has opened, and every rebound presents an opportunity to short at a high level.

From a multi-cycle structural perspective, the daily chart is in a repair phase after the sharp decline. After the initial rapid drop, although the market experienced a technical rebound, the overall weak pattern has not changed. The market repeatedly shows a tug-of-war between surging and pulling back, with slight retracements. For bulls to completely reverse the downward trend, a long period of accumulation and confirmation is needed.

Switching to the four-hour cycle, after briefly testing the upper Bollinger Band, the price faced resistance and turned back, a clear signal of a top. The middle Bollinger Band has now become a key battleground for bulls and bears: if it holds above the middle band, the short-term rebound may continue; once it is lost, the bearish trend will dominate the market again. In operation, continue to look for short opportunities in line with the trend.

BTC rebounds to around 64,200-64,700 to short, target 62,600-62,000
ETH rebounds to around 1,800-1,830 to short, target 1,680-1,610
$BTC $ETH #特朗普宣布美伊停火结束