Afternoon market trend has retraced and broken below the 70,000 level, entering a short-term consolidation phase. As the bears continue to increase volume and push lower, Bitcoin's lowest retracement is around 69,100, after which it continues to consolidate. The 69,000 support level remains key. Ethereum is moving in sync with Bitcoin; currently, it has found support around 2,060. After remaining in a low-range oscillation, we will continue to monitor whether there is further breakdown. Our short positions taken in the afternoon have been closed early; we entered short around 70,100 and exited near 69,300, capturing 800 points of profit. At noon, we also entered a short position at 2,150, which we held as the market broke lower, and closed tonight for an 85-point gain.

Looking at the current market, the bears are dominant, and the trend is oscillating around the bottom. The key focus is whether the market will further break down and whether the double top on the four-hour chart will be broken downward. Pay close attention to the 69,000 break signal; if it breaks and continues, there is room for deeper correction. Currently, the candlesticks are operating along the lower band of the four-hour chart. We are waiting for a break signal. The MACD fast and slow lines have already formed a death cross, indicating potential space at the bottom, but without further breakdown continuation, the market may remain in consolidation today. The main focus is to wait for tonight’s US stock market to see if it triggers increased volume. Our trading strategy remains primarily high short positions.

Bitcoin can be lightly shorted in the 69,700-70,000 range, with a continuation if it breaks down toward around 68,000. Ethereum can be shorted at 2,080-2,100, with a target near 2,000. #加密市场回涨 $BTC $ETH