Bitcoin fell under pressure near 71,600 yesterday and broke through the lowest level as expected in the evening, touching 68,800. Our high-altitude strategy yesterday was executed precisely.

From the chart perspective, the consolidation downtrend is clear, with consecutive lower lows and a complete downtrend structure. Three consecutive daily bearish candles accompanied by volume expansion, with market sentiment turning fully bearish and continuous selling pressure.

Four-hour eight consecutive bearish candles, with rebounds being weak recoveries. The hourly oscillation midpoint keeps moving lower, with dense resistance above. Short-term minor-level pullbacks in the near term are technical corrections that are difficult to reverse; essentially, this is accumulation of short strength, paving the way for further downside exploration.

Bitcoin short near 70,800-71,500, targets 69,600-68,000

Ethereum short near 2,180-2,220, targets 2,100-2,030$BTC $ETH