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 continues to decline, with dense resistance overhead. Short-term minor-level pullbacks are technical corrections that are difficult to reverse—essentially bullish accumulation laying groundwork for further downside exploration.

Bitcoin short near 70,800-71,500, targets 69,600-68,000

Ethereum short near 2,180-2,220, targets 2,100-2,030$BTC $ETH