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Bear markets don't grind down wallets, they grind down resolve. Those who can remain composed during consecutive declines and stick to their strategy amid desperate conditions have already outperformed 90% of the trend-chasing retail traders. Market cycles won't let down every rational holder who perseveres; following the trend remains the ultimate principle. Late night BTC still hasn't seen a significant rebound. BTC faced resistance near the 69,000 rebound high, and the early morning low was refreshed once again, currently dropping to the 67,300 level. Ethereum likewise extended its decline, with bulls showing little resistance. Currently down to the 2,024 level, with short-term lows being refreshed as well.
In new market conditions, typically this is a continuation pattern—just follow the trend. The daily level closed a cross-shaped bearish candle this morning, breaking the bottom again, with short-term continuation expected. On the 4-hour level, a wave of continuous weak downtrend formed, creating three consecutive bearish candles. Whether the subsequent short-term action develops into oscillation or a weak one-sided trend still depends on the pressure near the midline. If the rebound faces resistance near the secondary pressure point of 69,000, it will continue downward. As long as the pressure holds, the short-term will continue to fall and search for bottom. Early week operations will primarily follow the bearish trend.
Monday: BTC 68,500-69,000 direct short, target 66,500-66,000.
ETH 2,055-2,080 direct short, target 1,950-1,900.
#PI #BTC #ETH