JinxiObservesTheTrend

Over the past 24 hours, Ethereum has experienced a decline followed by a rise, forming a clear "V-shaped" recovery:
First, bears exerted pressure, pushing the coin price down to the intraday low of 2099;
Subsequently, the coin price gradually recovered, currently stabilizing around the 2150 level, with bulls temporarily regaining the initiative.
Short-term moving averages have been broken below by the coin price, indicating that the short-term rebound trend is established; MA60/MA120 above form resistance around 2227-2228, with the medium-term not completely strengthening yet. If the coin pric

Analyzed this morning: After 8 PM yesterday, Bitcoin's price gradually declined from 72940, and by 4 AM on the 19th, the price stabilized around 71045 and continued running stably. At noon, the price was around 70640, and now it's hovering near the 70360 level.
This wave of Bitcoin's decline has roughly similar magnitude, but the short-term cycle hasn't yet shown a bottom structure. Although the short-term trend is currently bearish, the downside space is very limited. This morning's anticipated magnitude was around the 70400 level, and short-term may see further downside exploration, though s

$BTC Bitcoin dropped significantly from 74130 starting yesterday at 6 PM, and continued falling until the early morning of the 18th when it found support near 71060. The price has since gradually stabilized and is now trading around the 71070 level.
Bitcoin is currently maintaining a narrow-range oscillating consolidation on the 4-hour chart, with price compressed around 71000. However, on the daily chart, after breaking below the previous short-term support zone, it continues to face pressure from short-cycle moving averages and is maintaining narrow-range oscillation, showing a bearish bias