Bitcoin overall shows a choppy downward pattern. After hitting a peak around 64,440 early this morning, it faced resistance and pulled back. During the oscillating decline, it gradually broke through short-term moving averages and key integer support levels in sequence, with the low probing to the 63,570 area. As of now, it is trading around 63,640.

Ethereum’s price action is highly correlated with Bitcoin. It also started a pullback from the 1,840 phase high, dropped to the 1,810 low area, followed the downtrend in a steady and robust rhythm throughout, and the intraday linkage effect is evident.

On the daily timeframe, the falling channel continues to extend in an orderly manner. After the market went through a short-term weak corrective rebound, completed sufficient bearish buildup and profit-taking/position rotation (chip exchange), it has successfully switched to a steady mode of oscillating and trending lower. Bearish momentum is being released gradually, driving the short- and mid-term moving average system to form a synchronized resonance suppression pattern. This structure indicates the market trend has clearly returned to bearish dominance, and this downward move has strong persistence and solid structure. On the four-hour timeframe, the market continues to maintain a weak-bearish decline tone. Price remains supported by the lower boundary of the channel as it grinds lower, showing a technical pattern of one-way weak downward movement, further reinforcing the basis for the bearish trend on the daily timeframe.

Current market rhythm suggests bearish strength is still continuously building up. Any short-term rebounds that occur are not signals of a trend reversal, but rather typical rebound-and-lure positioning and shakeout activity. The core goal is to accumulate energy for further downside. Today’s trading plan still focuses on building short positions on rebounds.

具体操作建议: Watch how resistance is handled in the 64,300-64,800 range and the 65,300-66,000 range. If resistance is met and does not break, you can continue to try taking shorts on the high side. Look toward the downside: 62,800, 62,300, 61,800, 61,000, and 60,000. Pay special attention to support at 60,000. If that support breaks, continue to look for the additional 500-6,000 points of downside range.
$BTC #GUSD年化升至3.8%