The recent market movements are like a trapped beast thrashing back and forth in a cage—pushing up near 70,000, then dropping down around 65,000, unable to break free.

The daily chart's overall trend is quite clear: the bears are firmly holding the head. The 5-day, 10-day, and 20-day moving averages are all trending downward, with the price being pressed firmly below. At such times, any rebound should be approached with caution, as it’s likely a trap to lure in more buyers, building strength for the next decline.

The 4-hour chart is even clearer: a standard downward channel, with the upper boundary around 68,500-70,000 and the lower boundary around 65,000-66,000. The price is being suppressed by moving averages, RSI hovers in the 40-45 bearish zone, MACD is below the zero line with a dead cross, and the green bars are still present, indicating the bears still have ammunition.

The 1-hour chart is a bit confusing in the short term, with moving averages clustered together, RSI in the neutral zone, and MACD showing repeated crossovers, suggesting short-term consolidation with no clear direction.

3.4 Bitcoin Trading Strategy:
1. Buy near 65,700-66,400, stop loss below 65,100, target 68,100-69,100
2. Short near 69,400-68,700, stop loss above 70,200, target 66,400-65,600

3.4 Ethereum Trading Strategy:
1. Buy near 1,905-1,935, stop loss below 1,865, target 2,005-2,035
2. Short near 2,035-2,005, stop loss above 2,075, target 1,935-1,905