After breaking through the 62000 mark in the evening, the short position continued to increase in volume, and the lowest price reached 61800, touching the bottom. The midnight rebound led to a consolidation pattern, with neither side gaining much ground. As the market stabilizes after the midnight consolidation, the market will not be as volatile as yesterday. Yesterday's bearish direction was also given, and many friends in the network have seen the strategy pay off, which also demonstrates consistent strength.

Looking at the current market, the daily chart shows a large downward trend, making Monday's rally seem unbearable. The daily middle track is under pressure and falling back, and the resistance at 63800 has been established. The intraday market is temporarily unable to move in a single direction. Looking at the four-hour chart, the current price is stabilizing between the middle and lower tracks. With the market oscillating and consolidating, there are not many signs of a significant rise. The current market indicators are relatively scattered and have limited reference value. The resistance at the top has been established, and we continue to look for a decline in the future. In the short term, there is consolidation, the Bollinger Bands are contracting, with upper resistance at 62200 and lower support at 61900. Both long and short positions have opportunities for morning operations, and we still continue to look for a decline in the overall direction.

Short positions for BTC can be opened at 62800-62400, with a target of 61400. Short positions for ETH can be opened at 3460-3430, with a target near 3380.

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