After a sharp drop in the early session, the market entered a prolonged and frustrating consolidation phase, but the direction has never changed! Our short position idea from early morning was perfectly realized tonight! Bitcoin broke through support in one move, gaining over 3500 points of space; Ethereum followed closely, securing 150 points of profit. This is the power of trend following!

From the current market situation, the four-hour downtrend channel has fully opened. Since forming a double top at the 76,000 level, the price center of gravity has continued to shift downward. Although there is short-term support around 65,000, the subsequent rebound shows a clear “volume-price divergence,” indicating weakening bullish momentum. Currently, we are in a corrective Wave C after the main downtrend, with the rebound highs continuously decreasing and unable to break through key resistance levels. This is a typical “downtrend continuation” pattern, not a reversal. Since a one-sided downward channel has formed, any volume-less rebound is a false signal created by the main force to unload positions. Therefore, our subsequent strategy remains unchanged: continue to maintain a high-altitude short position!
Bitcoin rebounds around 67,500~68,200, with a target of 65,300~64,300.
Ethereum rebounds around 2,080~2,120, with a target of 2,010~1,950.