1-hour bearish trend is clear. Price surged down from highs with volume, continuously breaking below the Bollinger Band lower rail and short-term multiple moving averages. Short-term bearish trend is established. Current weak bounce is pressured by moving averages with sustained volume contraction, representing a correction bounce within a downtrend with no momentum. KDJ shows minor recovery but remains below 50 with no reversal signal, only technical oversold correction. Price refreshed lows at 70456. The bounce failed to recover the midpoint of the large bearish candle, meeting heavy selling pressure. High probability of continued decline. Strategy: Continue shorting rallies as the main approach, no bottom fishing. BTC: Short 71500-72300 in batches, targets 70400/69000/68000. ETH follows BTC accordingly. $BTC $ETH

The U.S. stock market continues to have significant impact on cryptocurrency. After 18:00 last night, major U.S. stocks showed notable declines, causing Bitcoin to be directly pulled down from 74000 to 71000. This downtrend also extended to the altcoin market. However, the rebound from this round of decline lasted an extremely short time, and by this morning, prices have already fallen to lower levels than yesterday afternoon. Despite Powell's hawkish remarks warning of inflation risks from regional conflicts, under which the Federal Reserve may not cut rates this year, the market has already priced in these circumstances ahead of time. The rate decision and speech were not surprising. As we approach the quarterly settlement week, without any major impactful events, Bitcoin may enter a period of relatively low volatility in the market.

BREAKING: Bitcoin hash rate sinks as energy-price pressures from Iran conflict bite miners. Implication: higher costs may pause some mining activity, tightening short-term supply dynamics. $BTC