Early morning market review: Bitcoin price hovered around 69,000 and continued to decline, reaching a low of 67,300 before stopping and bouncing back. Ethereum moved in sync with Bitcoin's trend. Currently, it is trading sideways near 68,000.

From the current chart structure, the 4-hour MACD death cross continues to operate below the zero line, with bearish momentum bars showing no significant contraction, maintaining a complete downward trend. The KDJ three lines are clustered at low levels but have not formed a golden cross divergence, indicating a weak recovery pattern. There is still potential for further short-term decline. The price remains below the middle band of the Bollinger Bands, with the bands opening downward. The rebound is limited by resistance at the middle band, and the short-term trend remains bearish.

Trading suggestion: Short near 68,500, target around 67,000, #Gate13周年全球庆典