BTC opened oscillation pullback near the 72000 level during the day, broke below the 70000 round support as expected in the evening, with lows touching around 68800. We provided BTC 72100 and ETH 2230 high-altitude short positions in advance, perfectly materializing our predictions.

From the current market perspective, BTC's oscillation downtrend is clearly defined, with consecutive lower lows and intact downside structure. Three consecutive daily closes accompanied by expanding trading volume on the daily timeframe, market sentiment has fully shifted to bearish, with sustained selling pressure. Although price found temporary support near the 30-day moving average, breaking through under the coordination of volume and price on the bearish side is only a matter of time. Eight consecutive daily closes on the 4-hour level, with fragmented upside bounces serving only as weak corrections, essentially representing continuous consumption of bullish momentum, with rebound strength diminishing progressively, further confirming weak buyers. The oscillation center on the hourly level continues to decline, with dense resistance overhead, price diverging downward along the channel. Short-term minor-level technical retracements are difficult to reverse the overall bearish trend, more so representing bears gathering strength, accumulating energy for subsequent downside exploration. Combining cyclical structure analysis, the bearish outlook remains unchanged for the subsequent market.

BTC rebound near 70800-71600 for short, downside targets 68300-65800
ETH rebound near 2180-2220 for short, downside targets 2080-2000. $BTC $ETH $SWEAT