Thursday Night Bitcoin and Altcoin Strategy

Bitcoin is currently in a bearish trend on the daily chart, with the 4-hour and 1-hour cycles showing a downward channel and moving average resistance. RSI is oversold, but there is no accompanying volume, so rebounds are mostly just a correction within a downtrend.
From a technical pattern perspective, since dropping from 78,000, it has continuously broken key supports at 75,000 and 73,000, with the lowest point reaching 70,100. This forms a bearish pattern of lower lows and lower highs, with the previous support at 73,000 turning into resistance.

The moving average system shows Bitcoin trading below MA5, MA10, and MA30, with short- and medium-term moving averages diverging downward.
The 4-hour RSI is in the oversold zone, indicating a potential technical rebound, but the MACD lines remain below zero with no significant narrowing of the green bars. Trading volume continues to shrink, with no signs of a bottoming volume increase, so the rebound is more likely a correction rather than a reversal.

Resistance: 73,000
Support: 70,000

Trading Strategy

Bitcoin ranges between 71,800–72,200, targeting 70,000, with a break below targeting 68,000.
Altcoin (Ethereum) ranges between 2,130–2,150, targeting 2,070, with a further decline to 2,020.