From the current overall market trend, the daily chart has already formed a weak pullback pattern with four consecutive down days, followed by a doji at the bottom indicating potential support. This candlestick pattern initially suggests that there is some buying strength below. The price is temporarily stabilizing above the lower Bollinger Band, and during the recent pullback, it did not effectively break below the key support level, indicating that short-term selling pressure has eased. The market is entering a phase of consolidation, with bulls and bears temporarily entering a short-term balance.



Looking at the four-hour chart, the overall downward channel remains clear and intact, and the medium-term downtrend has not undergone any substantial change. Currently, the price is oscillating within the range, which is not a reversal signal but more likely a second phase of accumulation. Once the rebound encounters resistance at a key level and trading volume cannot effectively break through, there remains a risk of resuming the downward trend with increased volume and further decline.

BTC: Consolidation around 66,800-67,500, with a downside target of 65,800-64,000

ETH: Consolidation around 2,020-2,060, with a downside target of 1,980-1,900
BTC1,25%
ETH2,1%
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