Prices during the midnight session continued yesterday's decline, oscillating downward around 69,000, with a low of 68,135, hitting a daily low. After reaching the bottom, the market experienced a technical rebound, with prices quickly rising back to around 68,800, then consolidating within the 68,700-69,000 range. In the morning, prices slightly rose above 69,000 but faced resistance again and fell back. Overall, the market declined first and then rebounded in the early hours. The low of 68,135 formed a short-term support, but the rebound was limited, and prices remained under the 69,000 resistance level. For Ethereum, the price dipped to around 2,030, then rebounded to a high of 2,080 before facing resistance. In terms of actual trades, yesterday evening’s rebound provided an entry opportunity, and the early morning exit secured profits. Bitcoin gained 1,400 points, and ETH gained 45 points.

On the four-hour chart, the candlestick pattern shows a clear downward channel, with higher highs continuously shifting lower and lower lows making new lows, maintaining a strong bearish trend. Currently, after hitting near the lower band, there was some rebound momentum, but no further recovery has occurred. Key resistance remains above, while the 68,000 level at the bottom has once again formed a critical support level. The market is currently in a correction phase within a weak structure, with short-term rebounds and consolidations but limited strength. During the daytime, the market is expected to continue range-bound trading, waiting for the US stock market in the evening to drive the overall trend.

Bitcoin during the daytime is expected to trade within the 68,000-69,500 range, mainly focusing on short positions at the highs. Ethereum is expected to short around 2,065-2,080, targeting near 2,000. #加密市场回涨 $BTC $ETH