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 it can return to 70250–71400 and stabilize.

ETH
After topping at 2380, it has fallen over 10% in 3 days, severely oversold. 2038–2075 is the key buying zone in short term, hard to break through. 2200–2233 formed the top, with 2170–2200 having heavy trapped profits and selling pressure. Watch intraday whether 2150 can hold as support. $BTC $ETH