Today, BTC daily chart shows a clear downward break trend, with the price breaking through short-term key support levels and accelerating its plunge. The previous trading day recorded a large bearish candlestick, and the market continued to weaken at the open, testing lower support levels again.

The Bollinger Bands are expanding with an opening shape, and the short-term moving average system has turned downward simultaneously, forming a bearish alignment. The MACD fast and slow lines are extending deeply downward, with volume bars continuing to increase, confirming the release of bearish momentum. The KDJ indicator, after a brief upward correction, has formed a death cross and diverges downward again. The VR indicator hovers around the neutral value of 100, with no clear reversal signals in volume.

Currently, BTC is consolidating around $83,000 with narrow fluctuations. After dipping to around $81,000 in the early session, a technical rebound was triggered. The price rebounded to the $83,000 resistance level but faced resistance and fell back into a sideways phase. The continuous breach of multiple important support levels is mainly driven by the ongoing negative policy news and the chain reaction of market panic selling.

The four-hour BTC chart shows a weak rebound pattern after a break below support. The price broke through the lower Bollinger Band and extended downward. Although there was a temporary rebound back above the upper band, the upward momentum is significantly lacking. The Bollinger Bands remain in a bearish, opening state. The short-term moving averages are all trending downward, forming a resistance pattern. The MACD lines have formed a death cross and continue downward, with volume increasing, indicating persistent selling pressure. The KDJ indicator, after bottoming out, is turning upward but then stabilizes, showing weak rebound momentum. The VR indicator remains around 60, with no effective stabilization signals in volume.

Overall, the market has experienced a stampede-like decline. The rebound after breaking below the key $90,000 level failed to stabilize effectively. Multiple short-term support levels have been broken consecutively, and bearish technical signals continue to be released. The price repeatedly shows signs of plunging and accelerating downward. The market is currently in a bear cycle, and trading should follow the bearish trend. The price is again testing the bottom, with the $80,000 round number acting as a short-term core support. If this level is broken, further downside space will open, testing the $77,000 support. Short-term trading can consider $80,000 as a key support reference, with focus on the resistance zone below $85,000. Rejection at the rebound will be a key signal for the bears to re-enter.

ETH daily chart shows a significant breakdown and decline. Yesterday’s price strongly broke below the $2800 key support, forming an effective break. On the weekly scale, the price is increasingly likely to revisit the MA256 daily moving average at around $2580. The EMA trend indicators are diverging downward, indicating that the medium-term downtrend has not changed substantially. The EMA15 fast line has fallen near the $3000 round number, forming resistance. The MACD shows decreasing volume and increasing bullish momentum, with DIF and DEA lines narrowing below zero and moving downward. The Bollinger Bands’ lower support is at around $2745, and the upper resistance is at about $3085. Overall, the bearish momentum is not fully released, and the short-term trend still has room to decline further, with downward energy likely to dominate the short-term movement.

ETH four-hour chart shows a typical "painting door" pattern. The key technical support is at the Fibonacci 0.618 level of $2749. The EMA trend remains diverging downward, confirming a clear bearish trend. The MACD shows decreasing volume and increasing bearish momentum, with DIF and DEA lines forming a death cross and crossing below zero, further strengthening the bearish signal. The lower Bollinger Band at $2830 has been effectively broken, with technical supports repeatedly breached. If the price continues downward to around $2750, the market will enter an extreme oversold state. The recent low of $2672.98 is a short-term psychological support. If this level is broken, a new round of decline will open, with the next target at the $2600 round number. In terms of resistance, the immediate short-term rebound is focused on the $2800-$2850 zone, which was a previous consolidation platform with strong trapped positions. Medium to long-term resistance is concentrated around the $2950-$3000 zone, where multiple resistance levels overlap, forming a key short-term rebound resistance zone.

Short-term trading suggestions:
#BTC BTC: Short near 84200-84500,
Target: around 81000-80000

#ETH Ethereum: Short near 2780-2900,
Target: around 2680-2700