After surging up to the 76,000 stage high point, the price has effectively fallen below the middle Bollinger Band and continues to face sustained downward pressure. The short-term bullish structure has been completely broken, and the trend has officially turned bearish. The upper Bollinger Band forms strong resistance; when price rebounds to it, it immediately meets pressure and falls back, making the bear-dominant pattern clear.

Since the pullback from the high, the market has posted consecutive large-volume bearish candles, and rebounds have come with no volume. The upside counterattack momentum has been continuously exhausting. Although the lower Bollinger Band provides temporary support, the Bollinger Bands as a whole are contracting downward and arranged in a bearish manner; support is extremely weak and is very likely to be effectively broken through. The market is currently in a technical pullback cycle after stalling at a high level. Selling on rebounds is the core trading idea. If the price breaks below the lower band again, it will accelerate the selloff and open up more room for a deeper correction.

Big Cake: Short around 74,800-75,500, target 73,500-72,500.

Ether: Short around 2,340-2,380, target 2,300-2,250.1928374656574839201$BTC 0