The confidence of major institutions in the Fed's interest rate cut in September was hit hard, so they sold their stocks and dumped the market, which eventually led to a collective collapse of bulls.
At present, from the hourly chart of Bitcoin, there is no sign of stopping the decline and stabilizing. The pressure from above is very strong. The over-consolidation market is more waiting for opportunities.
Bitcoin 69500-69700 short, defense (70100) target 68300
Ether 3720-3740 short, defense (3760) target 3640
