Today's market can be simply described as volatile downside movement and breakthrough to explore lows. After Bitcoin opened near 70400 this morning, it rebounded slightly, touched 70344 briefly before facing selling pressure and declining, then experienced a continuous downtrend throughout the day. In the afternoon, it broke through the 70000 psychological level, accelerated its decline to a low of 69050 in the evening, and rebounded slightly to around 69700 at the close for consolidation. Currently, it has retested around 69300. The entire daily movement shows a one-sided downtrend structure with continuously declining highs and successive record lows, while bulls show no resistance. Ethereum weakened in tandem, with intraday rebounds lacking strength and facing resistance at the 2230 level. In the evening, it briefly dipped below 2100 and is currently consolidating around 2120. I maintained a bearish stance today, with Bitcoin pocketing 4750 points of profit in total and Ethereum pocketing 205 points of profit in total.

From a daily timeframe perspective, Bitcoin has printed two consecutive large bearish candles. If today closes below 70000, it forms an effective breakdown. The daily K-line has already fallen below the 30-day moving average support, the MACD fast and slow lines have formed a death cross above the zero line, and green histogram momentum is beginning to appear. The adjustment on the daily timeframe has been confirmed to have started. The 68000-69000 zone below is a previous heavy trading area and an important support band at the weekly timeframe. If this zone breaks, focus on the support structure at 66000. From a larger cycle perspective, the bearish structure is clear. Combined with the four-hour chart, following today's breakthrough below the 70000 resistance level, intraday rebounds also lack strength. The market continues to consolidate and test the resistance at the 69000 level. The K-line pattern shows a volatile downtrend channel with continuously declining highs and successive record lows. The Bollinger Bands open downward, with price running along the lower band. Short-term resistance moves further lower, indicators show fast and slow lines continuously diverging downward, bears still dominate, the low has not yet been found, and the market has further downside potential.

Bitcoin can go short around 69500-69800, targeting 68000 nearby. Ethereum can go short around 2130-2150, targeting 2070 nearby. #美联储维持利率不变 $BTC $ETH