Yesterday, Bitcoin experienced sideways consolidation during the daytime. After the US stock market opened in the evening, it accelerated downward, reaching a low of around 72,900 in the early morning. ETH also declined simultaneously to around 2,100! Yesterday, we precisely provided a high-level short strategy around 79,100 for Bitcoin and 2,360 for ETH. The rebound and correction perfectly played out, mirroring our forecast exactly!

The current weak market pattern continues to deepen, with clear signals of a lack of rebound strength. On the four-hour chart, multiple rejections at the middle band of the Bollinger Bands indicate a downward pullback. The three Bollinger Bands are converging downward, and the bearish pressure continues to build; the hourly chart has broken below the middle band, which is constantly moving downward, forming a strong resistance. Bearish momentum is further strengthening. Overall, the market remains in a downward channel with no effective signs of a bottoming out. Do not blindly buy the dip!

Trading Suggestions:
Bitcoin rebounds around 76,900-77,600 to short, targeting 75,300-73,000. If broken downward, look for 71,000.
ETH rebounds around 2,290-2,330 to short, targeting 2,200-2,100. If broken downward, look for 2,000.