The tug-of-war in today’s daytime trading remains as lackluster as ever. The market has not managed to find any further directional momentum, and is only showing a range-bound oscillation pattern. Big BTC mainly tested the 63,500 downside breakdown level, probing for a drop, but it failed to develop any clear trend. Given the market structure at the moment, standing by is also a good choice. Unless you’ve already followed the earlier short-selling idea, if you have any plans to bottom-pick at this stage, let me advise you to drop that thought—the prior breakdown and the recent market environment are clearly telling you to short.

As for future breakdown scenarios, we’re watching the support around 65,000 that the morning dip probed. At this stage, a small timeframe support has formed; once it breaks, there will inevitably be another wave of accelerated selloff. The intraday downside targets remain unchanged.

BTC downside: 62,000–61,500 ETH downside: 1,830–1,800
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