After midnight, Bitcoin and Ethereum continue to show a weak downward trend. Bitcoin has been gradually declining from around 66,000, accelerating to test the bottom at 64,875 during the midday, and is currently consolidating weakly around 66,000, reflecting a technical structure where bullish buying pressure has waned and bearish pressure persists. Ethereum's trend is even weaker, with prices oscillating lower from early highs, dropping in tandem with Bitcoin in the afternoon, with a low of 1,885. It is currently barely holding above the 1,900 level, but the rebound strength is weak. In the past 12 hours, the scale of long liquidations has significantly increased, and leveraged funds are rapidly exiting the market, with overall market sentiment leaning pessimistic.

Structurally, Bitcoin has formed a downward channel on the 4-hour chart, with resistance moving down to the 66,500-67,000 range, which was previously a support level that has now turned into an important resistance zone. Key support below is at 63,000-63,500, which is the neckline of a large head and shoulders top pattern on the daily chart. If this level is broken, the downside space will further open. Ethereum's daily chart shows a clear bearish arrangement, with prices consistently suppressed by multiple moving averages below 1,980-2,000, and rebound highs continuously decreasing. The current RSI hovers around 35, indicating that bearish momentum has not yet fully released, and any rebounds are weak corrections. Overall, the suggested trading approach is to focus on shorting rebounds. #当前行情抄底还是观望？ $BTC