As a large amount of Bitcoin is being transferred out of Mentougou, the selling pressure in the market has once again increased. From a technical perspective, the daily chart structure still shows a short-term rhythm of continued downward weakness. Both the moving average and the auxiliary index have shown turning signals, and there has been no effective rebound to change the current situation. The short-term rhythm on the 4-hour chart tends to be oscillating, with small fluctuations between long and short positions. Since the decline from the high area of 68500, there has been no effective reversal action in the market, and the short-term rhythm is mainly oscillating downward. Therefore, in a weak market, it is advisable to continue to maintain a bearish mindset. Currently, the 4-hour chart has fallen below the trend since the rise from 56000, and the short-term is in a consolidation phase around the 66000 level after a volume-driven decline. The candlestick pattern is also in a bearish trend, so it is advisable to maintain a bearish strategy!
Short BTC at 66600-66800, with a stop loss at 66900 and a target of 65000-65200.
Short ETH at 3460, with a stop loss at 3525 and a target of 3375.

• I am Jin Yifan, a "teacher" focused on analysis. Friends who have questions about operations or trends can communicate and learn together!

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