Bitcoin is showing a overall oscillating downward trend, starting to decline from the high of around 68,200 early this morning. During the fluctuation process, it gradually broke through short-term support levels, with the lowest dip reaching the 63,000 area. Ethereum's movement is highly correlated with Bitcoin, starting its downward trend from the high of 1960 and dropping to around 1840. Throughout the process, it exhibited a weak follow-through pattern, highlighting the market's correlation.

On the daily chart, the downward channel continues to expand in an orderly manner. After experiencing a short-term weak rebound and completing a full trap to induce buying and top formation, the market has successfully shifted to a steady oscillating downward rhythm. The bearish momentum is gradually releasing, driving the moving average system into a synchronized resonant decline. This pattern indicates that the market trend has clearly reverted to a bearish dominance, and this downward trend is likely to be sustained with strong structural stability. The four-hour chart continues to show a weak decline, with prices steadily moving along the lower boundary of the channel, demonstrating a one-sided weak downward technical characteristic, further solidifying the foundation for the daily bearish trend. Currently, the market rhythm indicates that the bearish force is still accumulating. Short-term rebounds are not trend reversals but typical trap moves to induce buying, aiming to gather energy for further declines. Today's early operations should focus on rebounding and establishing short positions as the core strategy.

Specific trading suggestions: Pay attention to the resistance levels at 66,800-67,400 and 68,800-69,500. If these levels hold without breaking, consider trying high short positions, targeting a downward move of 500-6000 points.