BTC opened oscillations and declined near the 72000 level intraday, breaking below the 70000 integer support as expected in the evening, with lows touching the 68800 area. We provided BTC 72100 and ETH 2230 short positions in advance, perfectly executing our prediction.

From the current market view, BTC's oscillating downtrend is clear, with consecutive lower lows and intact downward structure. Three consecutive daily red candles accompanied by synchronized volume expansion have fully shifted market sentiment to the bearish side, with sustained selling pressure. Although price found temporary support near the 30-day moving average, effective breakdown is only a matter of time given the bearish price-volume configuration. The four-hour chart shows eight consecutive red candles, with brief bullish rebounds during this period representing weak rebounds—essentially continuous consumption of bullish momentum, with each rebound's strength progressively weakening, further confirming bullish exhaustion. On the hourly chart, the oscillation midpoint continues lower with dense resistance above, as price diverges downward along the trend channel. Short-term small timeframe technical retracements cannot reverse the overall downtrend, instead representing bearish accumulation and energy building for subsequent downward exploration. Based on comprehensive cycle structure analysis, bearish bias remains unchanged for the coming market.

BTC rebound 70800-71600 area to short, targeting 68300-65800 downside.
ETH rebound 2180-2220 area to short, targeting 2080-2000 downside. #Gate13周年全球庆典 $BTC $ETH