Bitcoin extended its weak trend from the weekend this morning, rebounding slightly to around 68500 after the open before facing selling pressure and falling back. Subsequently, it oscillated downward, accelerating its decline around 4 AM, with the lowest point touching 67300. After hitting the low, the market staged a technical rebound, with prices gradually rising back to around 68200 for consolidation. The overall morning session showed a "bottom-seeking recovery, low-level oscillation" trend, but the rebound momentum is limited, currently repeatedly testing around 68200. Ethereum has again returned to its previous oscillation range; pay attention to the breakdown of the 2000 level at the bottom of the overall market.

From the 4-hour chart, Bitcoin is in a low-level oscillation stage within a downtrend. The K-line pattern shows a downward oscillation channel with continuously declining highs and successive new lows. The Bollinger Bands are expanding downward, with price running along the lower band, and the middle band continuously moving down to around 69793 forming resistance. The MACD fast and slow lines cross below zero with spreading downward momentum, the green histogram continues to expand, and the KDJ indicator is dull at low levels without forming a golden cross. Short-term rebound demand exists, but the strength requires observation. From the daily chart, Bitcoin has closed bearish for consecutive days. If today closes below 68000, it will further confirm a breakdown. The daily K-line has broken below the 60-day moving average support, with the 5-day and 10-day moving averages turning downward to form resistance. The MACD fast and slow lines crossed below zero and are accelerating downward divergence, with green histogram momentum continuously expanding. The daily-level adjustment is still ongoing with no clear stop-loss signal yet. Currently, pay attention to whether 68000 can produce a key stop-loss signal; if one appears, there will be further space for rebound recovery. Early session strategy: consider going long at low levels.

Bitcoin: Consider buying at 67500-68000, targeting around 69500. Ethereum: Consider buying at 2020-2050, targeting around 2100. #加密行情震荡