The overall market trend in the evening once again experienced a pullback. Bitcoin rebounded twice to around 68,200 before facing resistance and declining. During the evening, the bears increased volume and pushed prices lower. The lowest point was around 65,800, but there was no further deep correction, and it is currently holding around 66,000. As for Ethereum, it rebounded twice in the afternoon to around 2,040 before facing resistance and declining. During the evening, the bears increased volume, with the lowest point around 1,950, where it stopped falling. Overall, the market remains more bearish. Today, our real trading positions took advantage of the high-level short positions in the afternoon as expected, with a short position around 67,700 in Bitcoin, exiting near 66,000 for a profit of 1,700 points. For Ethereum, short positions were taken around 2,040 and exited near 1,960. Both longs and shorts exited strongly today.



Currently, on the four-hour chart, after oscillating near the upper band, a large bearish candle formed, pushing prices lower. It is now around the midline, with further decline showing signs of breaking below the midline. In the short term, the bears remain strong. The overall market has broken below the short-term consolidation zone, but on the daily chart, there has been no further breakdown. Short-term trading should avoid chasing the bears too deeply. The key support level to watch is 65,000; a break below could signal further bearish continuation, while a hold suggests continued consolidation. For short-term trading, it is recommended to consider small long positions, with a stop-loss around 65,000.

Bitcoin can be bought in the range of 65,500-66,000, aiming for around 67,300. Ethereum can be bought in the range of 1,940-1,960, aiming for around 2,020. #BTC #ETH
BTC-2.92%
ETH-4.33%
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