With the bears stepping up again, prices pushed lower and directly set a new intraday low; BTC hit a low of 62,660. ETH is also probing lower, reaching 1,855. Since the morning, we have consistently signaled a bearish bias, and there is still no stop-loss or reversal signal. The hourly Bollinger Bands have opened downward, and price is running along the lower band. Downward momentum has been released a second time, and the rebound strength in the short term is weak. The brief pullback repair has not been able to change the current weak structure.

In terms of trading, the short positions can manage their own exit timing. The subsequent short-term approach should mainly follow the trend; don’t blindly catch the dip. Wait for the rebound to face resistance, then follow up with shorts accordingly, while also controlling position size.

#USD1持币生息最高8% $BTC ‌$ETH ‌