Linking Weakness + Bearish Resonance

The K-line from the last hour shows a significant price drop, breaking below the previous lows at several points in time, forming a large bearish candlestick, and the closing price is lower than the opening price. This indicates strong selling pressure, and market sentiment may lean towards pessimism. At the same time, trading volume has decreased, and both price and volume are declining, suggesting a quiet market that may lack buying support, potentially indicating a continuation of the downward trend.

Next, let's look at the technical indicators. The MACD shows a bearish market, with the histogram turning from positive to negative, and the MACD line crossing down through the signal line, forming a dead cross, which is usually a strong sell signal. The KDJ indicator does not show a golden cross or a dead cross, with a value of 78 in a high position, possibly nearing the overbought zone, but in conjunction with the current downward trend, it may indicate pullback pressure. The MA10 is greater than the MA30, but it is important to note that if the short-term moving average begins to cross down through the long-term moving average, it may signal a trend reversal. However, for now, the MA10 is still above the MA30, which may suggest a phase of consolidation or adjustment, but the overall trend may be starting to weaken. The current market is dominated by bears, but there is a possibility of a rebound from oversold conditions. The trading strategy should focus on following the trend, but close attention should be paid to the breakout of support and resistance levels, as well as changes in trading volume. If the price rebounds with high volume near the support level, a long position may be considered; otherwise, the bearish outlook continues. At the same time, strict stop-loss measures should be set to avoid risks from sudden market reversals. The support below is at 81300; if it continues to break down, the market will start with a '7'. The resistance above is at 84800; if that level breaks, we can look towards 85800.

Now looking at Ethereum, when Bitcoin is in consolidation, Ethereum drops; when Bitcoin rises, Ethereum consolidates; when Bitcoin falls, Ethereum crashes. Currently, Ethereum at 1900 is indeed at a low level, but it is certainly not the bottom for this round, so today's main thinking is to maintain a bearish outlook consistent with Bitcoin.

Bitcoin: Short near the rebound at 84000-84500, targeting 83200-82500-82000.

Ethereum: Short near the rebound at 1940-1960, targeting 1900-1870-1840.