3.2 Market Analysis

Affected by the Middle East conflict, the market experienced a sharp decline in the early hours, dropping rapidly from 67,000 to 65,000, a decline of over 2,000 points, with no clear signs of stabilization. The downward movement was mainly characterized by weak consolidation, and the bearish pattern has not fundamentally changed. The decline from 67,000 to 65,000 was driven by continuous bearish candlesticks, indicating active short selling pressure rather than a pump-and-dump. The slight rebound was weak and did not reach the key resistance level of 66,300, representing a typical downward correction pattern.

On the daily chart, the price broke below the middle band of the Bollinger Bands, and the MA5 and MA10 formed a death cross at high levels and diverged downward, clearly signaling a medium-term shift to bearish. Under the current trend, any rebound can be seen as an opportunity to enter short positions.

Bitcoin (BTC) trading suggestion: Enter short positions around 66,500-67,500, with target zones of 65,000-63,200.
Ethereum (ETH) trading suggestion: Enter short positions around 1,975-2,010, with target zones of 1,940-1,880.