On the 15-minute Bitcoin chart, the price once surged to 71,286 points but failed to stabilize, then continued to fall to a low of 68,932. This false breakout indicates a trap to lure buyers and shake out weak hands, causing intense short-term market volatility.



During this period, the bulls and bears engaged in fierce battle. From a technical perspective, the middle band of the Bollinger Bands at 70,300 points acts as a key resistance. Bitcoin's price has been trading below this middle band, with significant consolidation and oscillation. The bearish trend is gradually strengthening, and the market is developing in favor of the bears.

Bitcoin: Around 70,300-71,000, with a downside target of 69,300-68,000

Ethereum: Around 2,070-2,120, with a downside target of 2,020-1,930
BTC-0,6%
ETH0,3%
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