$BTC Yesterday morning we already clearly laid out the overall downside thesis: BTC 64,000-64,200 and ETH 1,810-1,830 were marked in advance as the pressure zones. It was judged that any short-term rebound would only be a brief corrective move, and the bigger picture is mainly about going short. In the early hours, the market continued following a bearish rhythm. BTC surged from yesterday morning’s high of 64,411, hit rejection from the upper Bollinger Band, and then saw a volume increase as it fell all the way down to a low of 61,806. ETH also surged to 1,848, met resistance and rolled over; its low reached 1,748. During the day there was only a slight weak rebound—just a buffer and corrective repair after oversold conditions. Throughout the rebound, rebound volume shrank and bullish follow-through was extremely weak, with absolutely no reversal signal. As of now, BTC is 62,145 and ETH 1,765, still trading below the Bollinger midline.

On Monday, the BTC plan was: entered with Dan 63,737 at 63,737 and exited at 64,300, taking 563 points; Dan 63,978 entered at 63,978 and exited at 63,400, taking 578 points; Dan 63,657 entered at 63,657 and exited at 62,686, taking 971 points. For ETH: Dan 1,805 entered at 1,805 and exited at 1,840, taking 35 points; Dan 1,826 entered at 1,826 and exited at 1,780, taking 46 points; Dan 1,815 entered at 1,815 and exited at 1,780, taking 35 points.
Currently, the 1-hour Bollinger bands for BTC are overall sloping downward; the midline at 62,545 has turned into strong resistance. Price remains under continuous pressure near the midline. During the down phase, volume expanded while rebounds were smaller and with reduced volume. The bearish trend remains solid. Short-term support is 61,806; if this support breaks, downside room will open up. Once the 60,000 level is breached, subsequent downside room will further expand. ETH moves down in sync: the midline at 1,774 suppresses price. After the high at 1,848 touched the upper band, it kept weakening. Short-term support is 1,748; after support breaks, the downtrend will continue. The two coins’ movements are perfectly synchronized—every rebound cannot hold above the Bollinger midline, and each rise is a short opportunity.
Tuesday morning operation plan
BTC around 62,200-62,500, short Dan; target 61,000
ETH around 1,770-1,790, short Dan; target 1,700