During the weekend, the market showed significant volatility characteristics, with the peak touching around 86700, followed by a sharp decline in price, which reached below the 80000 mark. Currently, it is hovering around the 81500 level.
From a technical analysis perspective, on the daily chart, the price has continuously closed in the red, once again challenging the lower support. Although the lower support has not yet been effectively broken, the downward space has gradually expanded as the trend continues. Various technical indicators still maintain a bearish arrangement, and trading volume is continually increasing, clearly indicating that the overall pattern is in a significant bearish trend, and the downward momentum has not yet been fully released.
On the 1-hour chart and short-term level, the price has broken below the lower support; although the downward space has not fully opened up, the bullish corrective attempts are merely a short-term behavior. From the essence of the trend, the downward price movement remains the main tone. The current market structure is still firmly controlled by bears, and this correction is just a temporary phenomenon. Based on this, the operational strategy suggests maintaining a bearish outlook.
For Bitcoin: 82300-82800 range, looking towards 81500-81000-80000
For Ethereum: 2060-2080 range, looking towards 2030-2000-1970
