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Big Bitcoin is now seeing hourly highs and lows trending downward consistently. Bulls have completely reversed to bears. Brothers, don't chase the bottom against the trend. If you can't hold the stop loss, don't touch it. Don't lose big over small gains. Stay flexible and adapt.
I previously thought a small double bottom could form around 68200. The second retest at 68188 was quickly recovered, but the following 3 candles couldn't break above 69017, indicating this is just a weak bounce, not a bottom. After breaking 68190 and making new lows, I still haven't seen a reversal signal—no long-legged doji, no higher highs. The gradual decline continues.
For Bitcoin to bounce, it must first hold 68190 and create new highs. To stop the decline and transition to range-bound trading, it needs to return to the 69017-69529 zone. Otherwise, 67310 won't hold, and we're looking lower to 66588. Don't chase bottoms recklessly.
Resistance: 68196-69053-69597; Support: 67527-66582-65193.
$BTC Operation: Short around 68800-69430, target 67600. On breakout, reduce position and watch 65200-64650. Stop loss at 69750.
Ethereum broke below 2035 on the 4-hour. Looking toward 1991-1959. The channel bottom at 2068 is strong resistance. Breaking through it only gets us back into the box to challenge 2121. If we can't hold above it, the 2024 low will likely break, targeting 1962 lower.
Resistance: 2060-2097-2127; Support: 2038-2007-1960.
$ETH Operation: Enter shorts around 2090-2120, target 2040. On breakout watch 1990-1960. Stop loss 30 points.