The morning opening saw a sharp plunge, with the bulls completely defeated and no resistance left. Prices continuously broke below key support levels from the high, accompanied by increased volume and a new low for the phase. The rapid decline during the session showed no clear sign of support, and panic selling surged, indicating a strongly bearish short-term market sentiment and a very weak trend. Do not blindly enter the market to buy the dip.

Trading strategy: Focus on shorting during rebounds, strictly control position size and risk, and patiently wait for valid stabilization signals.

Bitcoin rebounds to around 67,000-67,600 and short, targeting 65,500-64,800.

Ethereum rebounds to around 2,060-2,100 and short, targeting 2,000-1,960,019,283,746,565,748,392,010,192,837,465,657,483,920,1.