Continued plunge! Bitcoin weakly fluctuates after dipping to $82,200. The overnight market saw another surge in volume and drop, with Bitcoin briefly plummeting to $82,222, marking a new low for this phase. Currently, it is in a narrow consolidation around the $84,000 area. The daily chart has recorded three consecutive bearish candles, with prices continuing to refresh the pullback lows, and momentum is significantly strengthening.

The technical indicators are releasing strong bearish signals; the daily candlestick chart shows a steep one-sided downward trend, with every rebound being devoured by massive selling pressure. The moving average system is in a bearish arrangement, and the MACD indicator has crossed below the zero line and is accelerating divergence. There are no signals indicating a stop to the decline or stabilization, such as long lower shadows or engulfing bullish candles. Market sentiment is extremely pessimistic, and the technical patterns do not support a reversal in the short term.

Operational advice is to focus on shorting, with a slight allowance for longs, paying attention to the resistance level at $86,000 and the support level at $82,000.

Personal suggestion:

Short Bitcoin around $85,000-$85,500, targeting $83,300-$82,500.

Short Ethereum around $2,380-$2,400, targeting $2,320-$2,280.