Morning Thoughts

The 4-hour cycle shows a clear trend, with Bollinger Bands continuously widening downward. The price has been under long-term pressure, staying below the middle band. Each rebound is met with resistance and a pullback, indicating that bullish momentum is extremely weak. The moving average structure is fully in a bearish alignment, with short- and medium-term moving averages moving downward in unison, blocking price rebounds layer by layer. The KDJ indicator has formed a death cross at high levels and continues to decline, with bearish momentum intensifying. The overall market trend is set for a weak downward movement; short-term rebounds are merely technical corrections. Do not blindly enter the market to catch the bottom.

Trading Suggestions
Bitcoin around 72,000 with a target near 70,500
Ethereum around 2,250 with a target near 2,170