Looking at the daily chart, the price has entered a phase of consolidation after consecutive down days, continuously testing the upper band, making brief adjustments near the middle band before continuing lower, targeting the lower band. The current market is in a consolidation phase within a weak structure; short positions at high levels can continue to be held.

On the 4-hour level, a series of consecutive down days formed three consecutive bearish candles. Whether the follow-up short-term trend will be oscillation or weak trending depends on the resistance situation near the middle band. If the rebound encounters resistance near the secondary pressure level of 68800, it will continue downward. If this resistance holds, there is still room for short-term pullbacks to test the bottom.

For Bitcoin longs, pay attention to resistance at 68800-69500; a breakthrough targets 71000-71500. Before breaking 68800, rebounds are limited; longs can lock in at breakeven here. If broken below, watch support at 66000-65000.
Ethereum resistance at 2090, breakthrough targets 2130-2150; before breaking it, rebounds are weak, longs stop loss at 2030, if broken watch 1950-1900. #Gate13周年全球庆典 #加密行情震荡 #黄金创43年来最大单周跌幅