The recent market trend has been generally weak, with every rebound being pushed down again, especially as Bitcoin continues to make new lows. However, the decline is showing signs of slowing down. Bitcoin is still testing support levels within a converging triangle channel. Ethereum is slightly stronger than Bitcoin. Resistance levels have clearly shifted downward. The current overall market indicates that the bearish forces outweigh the bullish forces, and without significant volume at the bottom, a strong rally is unlikely.



Current Market Focus

Bitcoin Focus
Support: 64,600-65,300
Resistance: 68,800-69,400

Ethereum Focus
Support: 1,865-1,885
Resistance: 2,035-2,055

Solana Focus
Resistance: 86-87
Support: 78.5-79.5

Short-term Trend: The overall rebound in the market remains very weak, with no clear bottom. Expect Bitcoin to remain bearish until around 65,000 before a potential rally. Ethereum is bearish until about 1,890 before starting to rebound. Solana is shorting until around 79 before a rebound begins.
Trading Strategy: Short at high levels.
BTC1.3%
SOL2.03%
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