Since early morning, it has been clear that in this round of market movement, Bitcoin has not continued its previous rebound pattern after a brief consolidation at high levels. Instead, after facing resistance from above, it gradually shifted into a weak decline, especially as the 69,000 level failed to break through effectively. As buying momentum waned, the bears began to dominate, and after breaking below 68,000 during the session, the downward pace accelerated significantly, with a low of around 66,200 in the afternoon. From high to low, a relatively complete one-way decline structure has formed. Ethereum also weakened simultaneously; after oscillating above 2,140 in the morning, it failed to push higher. Subsequently, as Bitcoin weakened, it repeatedly lost support at 2,100 and 2,060, with a low near 2,040, indicating a clear overall downward linkage.

Looking at the market rhythm, during the strong rebound in the early hours, the strategy was to position for long positions at lower levels following the short-term structure. However, as the key resistance above remained unbroken, the market's high-level support weakened, and after the rhythm turned bearish, traders adjusted their approach without blindly holding onto positions. The market never moves in a single direction; what truly matters is whether one can detect structural shifts promptly when the trend changes, and adjust accordingly to regain control of the rhythm. Ultimately, trading is a contest of who can better respect the trend rather than stubbornly sticking to a single prediction.

From the current market structure, Bitcoin's recent decline is not just a short-term shakeout but a sign of weakening after multiple rejections above 69,000, indicating that selling pressure near the 70,000 level still remains significant. Although 66,200 has temporarily provided initial support, on the hourly chart, the recent highs have clearly shifted downward, and the rebound strength is insufficient, suggesting that the short-term bears have taken control. If subsequent rebounds fail to re-establish above 67,000, the decline is likely to extend toward 65,800 or even 65,000, which are more meaningful support zones for the next phase. Conversely, if the price can recover and hold above 67,000 and 67,200, it indicates a technical correction is needed in the short term. However, until the 68,000 level is reclaimed, the overall trend remains weak, and the market should be viewed as a weak rebound.

For Ethereum, although the decline near 2,040 has temporarily halted, the breakdown of the strong structure after falling below 2,140 has disrupted the previous bullish pattern. Currently, the key resistance zone is between 2,065 and 2,080. As long as the rebound cannot effectively break through this area, there remains a possibility of testing lower levels at 2,020 and even 2,000. Therefore, it is not advisable to rush to guess the bottom now; instead, focus on short-term rebounds facing resistance and consider shorting on high rebounds. Bitcoin can wait for opportunities in the 66,800–67,200 range, while Ethereum should watch the resistance around 2,065. Until the trend reverses, bears remain the more cost-effective short-term direction.