BTC faced rejection twice yesterday around the 65,800 zone, then the market continued to drift lower until this morning. After briefly probing the 63,000 level, it started a rebound and repaired. Yesterday, our BTC and ETH short setups both went smoothly to their targets, and we successfully booked profits as planned! The current price is consolidating around 63,600.

From the current chart, the daily price has effectively broken below the Bollinger middle band. The Bollinger channel is gradually turning, and the overall market tone remains bearish with a choppy bias. The daily Bollinger middle band has formed an important strong resistance. On the 4-hour timeframe, price has continued to fall under pressure from the middle band; with current price nearing the Bollinger lower band, bearish momentum has been fully released. In the short term, a rebound driven by an oversold repair may play out, but this rebound is only a technical correction within the downtrend and cannot change the broader bearish trend. After a rapid drop on the 1-hour timeframe, price briefly stabilized; the Bollinger bands have opened downward, and the bearish channel remains intact. Resistance is dense across the rebound range.

Short BTC around 64,200-64,700, looking down to 63,000-61,800
Short ETH on rebounds around 1,910-1,940, looking down to 1,850-1,780#长鑫开盘跌7.7% $BTC ‌$ETH ‌