Early morning market continues to decline with no signs of stabilization. The price has been trending downward unilaterally from around 67,000, dropping to a low of 65,000, with nearly 2,000 points of space for further decline. Although our long positions entered early morning were unfortunately stopped out, strict stop-loss is a reflection of respect for the market and is fundamental for long-term survival in this market. No one is perfect, and everyone makes mistakes. Currently, the price is around 65,700.

From a technical perspective, this recent dip is only a short-term weak consolidation, and the overall bearish pattern remains solid. The decline from 67,000 to 65,000 was driven by continuous bearish candlesticks, indicating active selling pressure rather than a pump and dump. The slight rebound is extremely weak, unable to even reach the first resistance at 66,300, representing a typical downward continuation pattern. On the daily chart, the price has effectively broken below the middle band of the Bollinger Bands, and the MA5 and MA10 moving averages have formed a death cross and are diverging downward, which is a clear signal of a medium-term trend turning bearish. As long as the price cannot re-establish above the neckline of 66,500-66,800, each brief rebound will serve as an opportunity for bears to continue applying pressure.
Bitcoin outlook: Short in the 66,300-66,500 range, target 64,500
Ethereum outlook: Short in the 1,980-1,960 range, target 1,900#美国以色列突袭伊朗BTC短线跳水 $BTC