The market will not always be euphoric, nor will it always be in winter. The fluctuations in the candlestick charts reflect the hearts of thousands—greed, fear, hesitation, and frenzy. Every waterfall is a baptism; every sideways movement is a form of cultivation. On Saturday afternoon, Bitcoin led the decline in the cryptocurrency sector in the New York market, with prices plunging sharply and breaking through the key psychological level of $80,000, dropping to a low of $78,159.41, the lowest since April 2025. The 7.1% intraday decline was amplified in an environment of liquidity scarcity and weak buying interest, with market capitalization evaporating over 30% from recent highs. The downward trend spread rapidly, with Ethereum and Solana following closely behind, each dropping more than 10% and 11%, respectively.

Analyzing the daily candlestick structure, Bitcoin is currently in a clear strong downtrend, with prices consistently trading below the 50-day, 100-day, and 200-day moving averages. The moving average system shows a typical bearish alignment, exerting continuous and strong pressure on the price. Recently, the daily chart has shown a oscillating downward movement, with prices repeatedly breaking through previous key support levels. After dipping to around 810, a weak rebound was triggered, and a candlestick with a long lower shadow was formed, indicating some buying support in that low zone. On the 4-hour chart, there was a brief period of consecutive bullish candles, but the rebound momentum quickly exhausted, followed by three consecutive bearish candles pushing prices lower. The overall trend shows a slow rebound with a faster decline, a typical weak market characteristic, reflecting insufficient bullish momentum and a market still dominated by bears.

Trading suggestions:

Short around 79,000 for Bitcoin, target 76,000
Short around 2,450 for Ethereum, target around 2,200

$BTC $ETH #加密市场回调