Bear markets don't grind down wallets, they grind down hearts. Those who can remain calm through consecutive declines and stick to their strategies in desperate markets have already beaten 90% of the trend-following retail traders. Market cycles won't betray rational believers who hold steadfast. Following the trend remains king. Late night Bitcoin still hasn't produced a significant rebound. Bitcoin faces pressure near the 69000 rebound high, with lows being refreshed again in the early morning, currently dropping to around 67300. Ethereum similarly continues its decline with little resistance from bulls, currently dropping to around 2024, with short-term new lows being refreshed.

In new market conditions, typically we see a continuation pattern, so simply follow the trend. On the daily timeframe, a cross-shaped bearish candle closed this morning, breaking through lows again, with short-term continuation likely. On the 4-hour level, a wave of continuous weak downtrend has formed a three-candle bearish pattern. Whether the subsequent short-term market will be consolidation or one-sided weakness still depends on the resistance near the midline. If the rebound faces resistance near the secondary pressure point of 69000, it will continue lower. Once the resistance succeeds, short-term will continue falling to explore the bottom. Trading at the start of the week remains primarily following the bearish trend.

Monday Bitcoin 68500-69000 can short directly, target focus on 66500-66000.
Ethereum 2055-2080 can short directly, target focus on 1950-1900.
#PI #BTC #ETH