In yesterday's sharp decline, Bitcoin finally ended its continuous high-level sideways trend. Before the breakthrough, the bulls had been eager to try, but after several unsuccessful attempts to break through the upper resistance, the bears finally took advantage of the situation and broke the sideways pattern to form a short-term downward breakthrough. Before the official breakthrough yesterday, the decline in Monday's intraday trading had already given a warning. However, the daily chart has only broken the range of the high level and has not completely changed the overall trend. If 61,000 is taken as the bottom of the large range of the daily chart's high level, then the daily chart can only be considered as a valid trend breakthrough when it effectively falls below this level from a technical perspective.

In the short term, after breaking the daily support completely below 68,500, the price directly fell below 65,000 and retested the 64,500 level, which currently provides effective support after multiple retests on the hourly chart, slowing down the short-term downward trend. Yesterday's decline hardly provided any adjustment opportunities and was basically a one-sided decline. Therefore, today, first, it is necessary to be vigilant about the rebound correction after yesterday's sharp decline, and second, to pay attention to the 64,500 support. If this level continues to break, the next expected support level below will be around 63,000. Overall, the focus for the day is on shorting the rebound, but it is not recommended to chase at the low levels.

Short Bitcoin at 66,800-67,000 in the short term.

As for Ethereum, it was already weak during the high-level oscillation, and this decline directly accelerated the downward trend of the bears. After breaking the bottom support at 3,470 yesterday, the price directly probed the 3,200 level, completely releasing the long-suppressed bearish sentiment. 3,200 was also the level we expected to test on the daily chart after the breakdown yesterday. Therefore, on the daily chart, the next focus is on the 3,170 support, which is a key level in the previous uptrend, with the next support level on the daily chart at around 3,050. In the short term, yesterday mainly saw a two-stage decline, with a slight rebound after the early morning low-level oscillation, and the resistance at 3,350 above will be the focus for the rebound during the day.

Short Ethereum at 3,350 in the short term.

This article is an original work by the author Xiaofenglunbi. The above analysis is only for personal opinions and is for reference only. Investment carries risks, and entering the market requires caution. Please indicate the source when reposting! For more analysis and advice, please follow the public account: Xiaofenglunbi.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。