In this world where wealth changes are measured in seconds, the most scarce currency is actually time. Plant the seeds of awareness, then give patience to the passage of years. Bitcoin has dropped today, already halved from its October halving high! Currently, the most frightening thing is that despite the sharp decline, there has been no sign of panic selling or heavy volume spikes! The entire world seems to be experiencing or brewing a black swan event somewhere unknown to us, just not yet fermented into the mainstream market.

Bitcoin currently appears to be between $60,000 and $70,000, seemingly without resistance. The support bottom line needs to be checked on the monthly chart—will it drop straight to $54,000-$58,000? ETH might drop to $1,450-$1,500.

Bitcoin’s daily chart shows a continuous downward trend, with candlesticks frequently closing with long upper shadows, indicating significant selling pressure each time the price rises, and rebound momentum remains limited. On the 4-hour chart, after a sharp decline, there has been a technical rebound, but overall it still operates within a downward channel. The current bullish candles are weak, unable to reverse the bearish trend.

From the momentum indicators, both the daily and 4-hour MACD are below the zero line, with bearish momentum further expanding, clearly indicating a short-term downtrend. Overall, the upward pressure remains heavy, with limited room for rebounds, and the overall structure still favors bears.

In terms of trading strategy, it is recommended to maintain a mindset of shorting on rallies, focusing on entry opportunities after resistance is encountered during rebounds, and always prioritize risk management. The market always carries uncertainties, so please strictly control your positions and respond rationally to market fluctuations.

Trading suggestions:

Short around $64,500 for Bitcoin, target $62,000
Short around $1,950 for Ethereum, target $1,700