Yesterday, Bitcoin experienced consolidation during the daytime session. 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 strategy for Bitcoin around 79,100 and ETH around 2,360, which was perfectly fulfilled after the rebound and correction. The trend exactly mirrored our forecast!

The current market remains weak, with the downside momentum deepening and rebound signals clearly weakening. On the four-hour chart, multiple rejections at the middle band of the Bollinger Bands indicate a pullback, which is purely a technical correction. The three Bollinger Bands are converging downward, and bearish pressure continues to build; the hourly chart has broken below the middle band, which keeps moving downward, forming a strong resistance. Bearish momentum is further strengthening. Overall, the market is still in a downward channel with no effective signs of stabilization. Do not blindly buy the dip!

Trading Suggestions:
Bitcoin rebounds around 76,900-77,600 to short, targeting 75,300-73,000; if it breaks below, look for 71,000.
ETH rebounds around 2,290-2,330 to short, targeting 2,200-2,100; if it breaks below, look for 2,000.