At the BTC daily timeframe, the overall trend is in a downward channel. The price has effectively broken below the Bollinger middle band; a big bearish candle smashed the market, and heavy sell pressure is weighing down the upside. MACD bearish momentum continues to expand with increasing volume, and the downtrend is clear. Currently, KDJ has entered deep oversold, but in a weak market, oversold can remain dulled for a long time—it does not mean the market has bottomed out. The downside momentum is still continuing.

On the 4-hour timeframe, everything is completely weak: the higher highs and lower lows keep moving down. The price breaks below a key consolidation support platform, forming a breakdown and a downward continuation structure. In the short term, MACD deepens into a bearish dead cross, and the green histogram bars expand. Indicators are weak across the board, and there are no signals of selling stopping and stabilizing.

Overall, the market is in a bearish downtrend continuation phase dominated by bears. Any rebound is a chance to short—do not pick a bottom early.

🉑Around 63800 🈳, add at 64400, looking for 62500 and 60800 downside

eth🉑Around 1900 🈳, add at 1930, looking for 1830 and 1750 downside
#Bitmine持有578万枚ETH $BTC ‌