Bitcoin overall shows a pattern of oscillating downward and weakly pressured. Starting from a high of around $67,130 early this morning, it has begun to decline, repeatedly breaking through short-term support levels during the oscillation, with the lowest touching the critical support zone at $65,000. Ethereum's movement remains highly correlated with Bitcoin, simultaneously starting a downward trend from around $2,010, dropping to the support level at $1,935, showing a passive follow-down pattern throughout, with high correlation and negative feedback characteristics in the market.

On the daily chart, the downward channel continues to expand. After a brief rebound and correction that failed to break through key resistance, the market has returned to a oscillating bottom-seeking rhythm. Bearish momentum is gradually releasing, leading to a moving average system forming a bearish alignment, indicating that the overall trend has clearly shifted back to a bearish dominance, and this downward trend has strong continuity and structural stability. The four-hour chart continues to show a weak correction pattern, with prices oscillating lower along the channel's lower boundary, exhibiting a stepwise decline characteristic, further solidifying the foundation for the daily bearish trend.

Currently, the market rhythm indicates that bearish forces still dominate. Short-term rebounds are not trend reversals but typical resistance tests and trap moves to induce buying, mainly aimed at accumulating selling pressure for further declines. This morning's trading strategy focuses on rebounding to establish short positions, entering around key resistance levels, and mainly looking for downside.

Specific trading suggestions: Pay attention to resistance at the 67,100-67,600 and 68,800-69,450 zones. If these resistances hold without breaking, consider shorting with a target of 500-6,000 points lower.