Evening market movement unfolded as expected with increased volume and lower prices. Bitcoin's lowest retest currently encountered resistance around 69000, and is currently consolidating at the previous oscillation bottom level. Ethereum similarly followed Bitcoin's movement in the evening, with volume expansion probing the 2100 level but encountering resistance, currently consolidating around 2130. Our evening short positions closed as planned, with Bitcoin taking profits at 700 points of gains and Ethereum taking profits at 40+ points of gains. When direction is wrong, effort is wasted; when direction is right, twice the results with half the effort.

From the current chart perspective, the 4-hour Bollinger Bands continue to widen downward. Short-term movement is being resisted by the previous consolidation bottom support structure, but based on current price action, the overall weak structure has not brought further rebound volume for correction. Weakness continues in the ongoing structure, with the overall market having further downside continuation space. In terms of pattern, the inverted V has formed, the 120-day moving average support structure has been broken, and plenty of space remains below.

Bitcoin can short on light positions at 69500-69800, targeting around 68000. Ethereum can short on light positions at 2130-2150, targeting around 2080. #创作者冲榜 $BTC $ETH