CYFYufeng

From a technical perspective, the current rally is merely a weak correction, not a trend reversal.
While the 4-hour level shows rapid upward movement, the continuous upper wicks face significant pressure above, and the price has failed to effectively break above the Bollinger Band upper rail. The Bollinger Bands maintain a downward opening structure overall, the bearish structure remains intact and has not been broken.
Trading strategy remains clear: follow the trend with high shorts as the main approach; rallies present good shorting opportunities. Key focus is on detecting pressure signals a

4-hour continuous decline with clear downtrend channel; retest of previous low followed by rebound without volume, failed to recapture losses, only weak technical bounce with no reversal signals.
Daily large bearish candle forming top, bulls pressured at secondary high, upside momentum exhausted.
Weekly top divergence confirmed, combined with daily top structure, moving averages broken, trend weak with center of gravity shifting down, mid-term bearish structure evident.
Bitcoin: Short near 68500-69200, targets 67000-66000
Ethereum: Short near 2070-2110, targets 2010-1950$BTC $ETH

Bitcoin faced pressure near 71,600 yesterday and broke down to a low of 68,800 as expected in the evening. Our high short strategy was executed precisely yesterday.
From a technical perspective, the consolidation and downtrend momentum is clear, with consecutive lower lows and a complete downtrend structure. Three consecutive daily red candles accompanied by increased volume, with market sentiment fully turning bearish and sustained selling pressure.
Four-hour chart showing eight consecutive red candles, with rebounds only representing weak recovery attempts. The hourly oscillation midpoint co

The market is in a super major downtrend, with bulls continuously breaking support levels, and no effective bottom-hold platform. Three-fold headwinds from failed rate-cut expectations, Middle East oil crisis, and recurring inflation are intensifying panic. Price is retesting the upper rail of the February box. If it cannot be quickly recovered, a major downtrend channel will open.
BTC
Testing 69000 support. In 3 days, it broke through 71400 and 69000 from 74400, with 67150–69000 as the final defense line. Below this level means the rebound ends and a downtrend channel opens. Watch tonight if

1-hour bearish trend is clear. Price surged down from highs with volume, continuously breaking below the Bollinger Band lower rail and short-term multiple moving averages. Short-term bearish trend is established.
Current weak bounce is pressured by moving averages with sustained volume contraction, representing a correction bounce within a downtrend with no momentum.
KDJ shows minor recovery but remains below 50 with no reversal signal, only technical oversold correction. Price refreshed lows at 70456. The bounce failed to recover the midpoint of the large bearish candle, meeting heavy selling