On the daily chart, the price has entered a consolidation phase after consecutive declines from the upper band. Following brief consolidation near the middle band, it continues to move lower, targeting the lower band. Current price action is in a consolidation stage within a weak structure; short positions at higher levels can continue to be held.

On the 4-hour level, consecutive declines have formed three consecutive down candles. Whether the follow-up will be range-bound or a weak one-sided decline depends on the pressure situation near the middle band. If the rebound is blocked near the second resistance level at 68800, it will continue to decline. Provided the resistance remains effective, there is still room for further testing lows in the short term.

For Bitcoin, watch the 68800-69500 resistance zone for long positions; a breakout would target 71000-71500. Before breaking 68800, rebound potential is limited; long positions can be stopped at breakeven here. Below the breakdown, watch support at 66000-65000.

For Ethereum, pressure is at 2090; a breakout would target 2130-2150. Before breaking this level, rebounds are weak; stop loss for long positions at 2030; watch 1950-1900 on a breakdown.#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