Within the day, big cake opened oscillation pullback near the 72000 level, and as expected broke below the 70000 integer support in the evening, with lows touching the 68800 line. We provided advance bearish positions for big cake at 72100 and altcoin at 2230, perfectly realized our predictions.

From the current market perspective, big cake oscillation downtrend is clear, with consecutive lower lows and intact downside structure. The daily three consecutive negative candles accompany synchronized volume expansion, market sentiment has completely turned to bearish, selling pressure continues to release. Although price found temporary support near the 30-day moving average, under the bearish trend of price-volume alignment, effective breakdown is just a matter of time. The four-hour eight consecutive negative candles arrangement, with fragmented yang rebounds during periods serving as weak repairs, essentially continuously consuming bullish momentum, with diminishing rebound strength each time, further confirming bulls are exhausted. The hourly oscillation midpoint continues to shift downward, with dense pressure overhead, price axis dispersing downward along the track. Short-term small timeframe technical retracements are difficult to reverse the overall decline, more so are bearish accumulation actions, storing energy for subsequent downside exploration. Synthesizing multi-cycle structure judgment, bearish bias remains unchanged for the follow-up market.

Big cake rebound 70800-71600 nearby resistance, downside targets 68300-65800
Altcoin rebound 2180-2220 nearby resistance, downside targets 2080-2000.#Gate13周年全球庆典 $BTC $ETH