The morning price comparison remains supported. In the afternoon, Bitcoin started to oscillate downward, with short-selling sentiment gradually dominating. In the afternoon, there was accelerated volume breaking through key support, with many shorts adding positions and exiting, entering the market in line with the trend. Ethereum also showed weak linkage characteristics, retreating from around 2570, and accelerated to break the previous support at 2540 during the noon period, currently reaching a low of 2527 and now running at 2540.
Overall, the current decline is a structural release after a break, not driven by sudden events, but more due to the repeated testing of previous platform support failing, leading to a short-term concentration of stop-loss and short-selling entries. The 1-hour chart shows continuous large bearish candles breaking down, with MACD short-selling momentum continuing to amplify, and prices moving far from the moving averages and the lower Bollinger band, entering a phase of inertial release in the short term; KDJ is severely oversold but not yet neutralized, with short-selling dominance still intact. The technical structure of Ethereum is highly consistent with Bitcoin, but overall it is relatively weaker. Currently, both MACD and KDJ show no clear signals for a stop in the decline and remain in an inertial downward trend. After the breakdown of the weak consolidation structure, there is no strength for a rebound.
Short positions holders of Bitcoin should pay attention to support levels between 101500-101000, while Ethereum should focus on the support area of 2520-2480. It is not advisable for those without positions to directly chase shorts; it is recommended to wait for a stop-loss pattern after testing key support before entering short-term long positions.