The 4-hour trend shows that after consolidation, the price rebounded to the middle band of the Bollinger Bands seeking support and a bounce, but the rebound lacked sufficient strength to hold above the middle band. Subsequently, it reversed sharply downward, printing a large bearish candle and falling back near the lower band of the Bollinger Bands.

Thereafter, the market showed no signs of stopping the decline or stabilizing, displaying a consecutive bearish engulfing pattern with weak bull counterattacks lacking momentum. Rebound highs are declining, and the overall movement oscillates lower around the lower band with the center of gravity sinking. Meanwhile, the Bollinger Bands indicator is expanding downward with the lower band moving lower, signaling strengthening bearish momentum and further confirmation of the downtrend.

Combining the chart pattern and volume, a bearish trend has formed and continues. It is recommended to follow the trend and look bearish, focusing on selling at higher levels.

Bitcoin: Short near 68000-68800, target down to 67000-65500

Ethereum: Short near 2070-2120, target down to 2020-1850