The intra-day Bitcoin perpetual contract overall shows a wide-range, slightly weak trend; BTC price remains volatile within the approximately 66,000-74,000 range, with short-term downward pressure significantly increasing, pushing prices lower within 24 hours. Trading volume is high, and volatility has intensified, reflecting a temporary shift in market risk appetite toward caution. ETH is also under pressure, with prices breaking below recent support levels, remaining in a weak zone. Trading activity and open interest indicate a rebound in Ethereum derivatives market participation, but bullish and bearish divergences are worsening. Overall funding rates and open interest in perpetual contracts suggest a weakening of short-term bullish enthusiasm, while the long-term structure remains influenced by macro risk aversion and deleveraging in derivatives.

From a technical perspective, Bitcoin's daily chart shows a downward channel structure. Key support levels at 66,000-68,000 will determine whether bulls can regain momentum; medium-term resistance is clearly seen above 74,000-76,000, where selling pressure is evident. A break below 66,000 with a large-volume bearish candle would suggest continued short-term bearishness; conversely, if prices stabilize and break above 74,000, a rebound to cover resistance zones is possible. Ethereum's technical structure indicates similar relative weakness: if ETH cannot stabilize above the key psychological support at 2,000, the possibility of a decline to 1,800 increases. Initial resistance is around 2,200-2,300. Based on current momentum and risk appetite, trading strategies favor short-term short positions. #比特币创下熊市新低 $BTC