Bitcoin overall shows a choppy downward pattern. Starting from a high at the 66,284 area since just after midnight today, it has begun a pullback. During the oscillating decline, it gradually broke below short-term support, with the lowest probe reaching the 64,613 low area.

Ethereum’s price action is highly correlated with Bitcoin. It also started a downside move from a high above 1,950, falling toward the 1,873 area. The entire session shows a weak, trailing sell-off pattern, and the intraday correlation is highlighted.

Currently, BTC is quoted at 65,022, down more than 1,200 points from the intraday high. Short-seller selling pressure continues to release, and market risk appetite has clearly fallen.

On the daily timeframe, there are clear signs that the upward channel has been broken. After the price tested the 66,300 key resistance level, it came under pressure and pulled back, breaking the previous steady pattern of upward range-bound movement. Short-side momentum has concentrated and released, driving the moving-average system toward the early formation of a bearish alignment. A dead cross is forming and spreading downward between the 5-day and 10-day moving averages. This pattern indicates that the short-term trend has already turned to bearish dominance. Meanwhile, this downward move is accompanied by increased volume, giving it strong continuation and structural-disruption characteristics.

On the 4-hour timeframe, the weak bearish decline tone continues. Price remains under pressure and trades below the lower band of the channel, showing technical features of one-way weak downward movement. This further reinforces the foundation for the daily bearish trend.

The Stochastic and RSI indicators have both turned downward. Stochastic %K has fallen below the 80 overbought zone into a neutral area, while the RSI has broken below the 50 threshold. Bearish signals are clear.

The current market rhythm shows that bearish power is still continuing to spread. The short-lived bounces seen in the meantime are not signals of a trend reversal, but typical stop-and-run (bull trap) correction moves, with the core goal of accumulating selling pressure for further downside. Today’s morning trading strategy is centered on laying out short positions on rebounds.

Specific trading suggestions: pay attention to how price handles the 65,500–66,000 zone above and the 67,000–67,500 zone. If it rallies into those areas and meets solid resistance without breaking through, you can consider shorting at the highs, targeting 500–6,000 points lower.
$BTC