The Bitcoin trend shows a decline. In the morning, the bulls made an effort, briefly rising to around 116,900, but subsequently faced pressure and fell back to around 114,300; although there was an attempt to rebound in the evening, it was blocked near 115,800, followed by a significant increase in selling pressure on an hourly basis, causing the price to break down, reaching a low of around 113,500. Ethereum also weakened in tandem, dropping back after reaching a high of 4,386 in the morning, completing a substantial breakdown after two rounds of sharp declines, with the current price having fallen below the 4,200 mark, touching a low of around 4,180.

From the market structure perspective, the weak structure continues, with insufficient rebound momentum; technical corrections are not enough to form a reversal. The market structure shows that after a weak correction, the price continues to face downward pressure. In the short cycle, selling pressure has intensified, and the price has repeatedly tested support levels without strong backing. Each brief consolidation has become a point for bears to exert pressure. The moving average system shows a bearish arrangement, the MACD indicator continues to operate below the zero axis, and the Bollinger Bands are expanding downward. All technical indicators point to a bear-dominated market. Overall, the current market is still in a clear bearish trend, but it should be noted that the market will not always run in one direction. Future operations should remain rational, with a focus on rebound opportunities, primarily with a bearish approach.

Bitcoin: pay attention to 114,500-114,800, and below watch for 112,500 here.

Ethereum: pay attention to 4,240-4,260, and below watch for 4,160 and 1,060 here. $BTC #加密市场回调 $ETH #俄乌冲突即将结束？