Morning Analysis

The current market rebound is clearly encountering resistance, with selling pressure continuing to increase, and the market is gradually turning bearish. On the four-hour chart, the upward momentum is weakening, with several attempts to push higher failing to continue. After testing the upper Bollinger Band multiple times, the price quickly faces resistance and pulls back, indicating that the bearish trend is gradually strengthening. On the hourly chart, the price is operating in the upper zone of the Bollinger Bands, with persistent pressure from the upper band. The candlestick shadows are continuously appearing, showing a very ideal bearish reversal. The MACD indicator, which previously showed a golden cross, is gradually turning negative, with the histogram decreasing in a stepwise manner, indicating that the bearish trend is warming up. Considering the strong resistance around 69,500 for Bitcoin, multiple upward attempts have failed to break through effectively. Therefore, subsequent strategies should focus on short positions around this resistance level. Trading Recommendations
Short near 69,500 for Bitcoin, target 67,000
Short near 2,030 for Ethereum, target 1,950