$BTC Yesterday morning, the overall downside plan was made clear from the start: for BTC, 64,000–64,200 and for ETH, 1,810–1,830 were designated as pressure zones. It was assessed that any short-term rebound would only be a brief correction, with the larger direction remaining mainly for short positions. In the early hours, the market continued with the bearish pace. BTC surged from 64,411 in the morning, hit and got rejected at the upper Bollinger Band, then saw steady, volume-expanding selloff, with the low probing 61,806. ETH simultaneously surged to 1,848, met resistance and rolled over; the low reached 1,748. During the day there was only a slight weak rebound—just a buffer-and-correction after oversold. Throughout, rebound volume shrank, and long-side follow-through was extremely weak, with absolutely no reversal signals. As of now, BTC is at 62,145 and ETH at 1,765, still trading below the Bollinger middle band.

On Monday’s setup: BTC “Duo Dan” entered at 63,737 and exited at 64,300, taking 563 points. “Huan Dan” entered at 63,978 and exited at 63,400, taking 578 points. “Huan Dan” entered at 63,657 and exited at 62,686, taking 971 points. ETH “Duo Dan” entered at 1,805 and exited at 1,840, taking 35 points. “Huan Dan” entered at 1,826 and exited at 1,780, taking 46 points. “Huan Dan” entered at 1,815 and exited at 1,780, taking 35 points
Currently, the 1-hour Bollinger Bands for BTC are angled downward overall; the middle band at 62,545 has turned into strong resistance. Price remains under continuous pressure and stays trading around the middle band during the decline, with selloff expanding in volume and small rebounds contracting in volume. The bearish trend is firm. Near-term support is 61,806; if that support breaks, downside room will open up. Once it breaks the 60,000 level, the subsequent downside room will be further amplified. ETH is moving down in sync; the middle band at 1,774 caps price. After the high at 1,848 touched the upper band, it continued to weaken. Near-term support is 1,748; after support is broken, the downtrend will continue. The two coins’ price action is fully synchronized: all rebounds cannot hold above the Bollinger middle band, and every rebound is a chance to short.
Tuesday morning trading plan
BTC around 62,200–62,500 “Huan”, target 61,000
ETH around 1,770–1,790 “Huan”, target 1,700