The overall market trend has rebounded since yesterday, recovering to the 69,000 level but facing resistance. This is also a key resistance level we have mentioned multiple times. Without a breakout above this resistance, the bulls have not gained further momentum. As the bulls face resistance, the bears have seen increased volume, with a significant pullback to around 66,000, which is a critical support level. Currently, the price is consolidating around 66,000.

Ethereum's movement has been consistent with Bitcoin. After attempting to recover to 2170 in the early morning and failing, it faced resistance and pulled back. The intraday trend shows a cautious view of a pullback by the bears, with the lowest point around 2050, where it is now consolidating.

From a daily chart perspective, a doji candlestick has formed, and today’s trading again shows increased volume on the bearish side, forming a large bearish candle that retraces the previous two days' gains. The current pattern indicates a potential top-bottom reversal around 69,000. The bottom has not yet tested the lower support; otherwise, it could turn into a bearish trend with further volume increase.

Looking at the four-hour chart, the four consecutive bearish candles have broken the support of the short-term upward channel. Overall, the market remains in a downtrend. The recent rebound can be viewed as a phase of correction after a bottoming process. The MACD indicator has already turned bearish (dead cross), suggesting that the continuation of the downtrend after a rebound is likely. The key level to watch for short-term bullish or bearish signals is the 66,000 break.

For Bitcoin, consider shorting between 67,300-67,500, with a target around 66,000. For Ethereum, consider shorting between 2060-2080, with a target around 2000. #加密市场行情震荡 $BTC $ETH