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On the hourly chart, the price continuously forms a bearish engulfing pattern from the upper Bollinger Band to the lower band. Although there is a recent double green candlestick rebound, the consecutive long upper shadows indicate that the bulls are struggling to mount a strong counterattack, and upward pressure is clearly evident.
The Bollinger Bands are widening continuously, and the downward channel is opening, indicating that the bearish trend is strengthening. In the short term, the outlook remains bearish, with rebounds facing resistance and being sold into gradually.
Bitcoin: Short around 67200-68000, targeting 66000-63000
Ethereum: Short around 2000-2050, targeting 1900-1780