Yesterday, Bitcoin fluctuated from a high of 71,000 and then declined. After the US stock market opened in the evening, it accelerated downward, touching a low of around 67,800; Ethereum also weakened simultaneously. Our previously deployed high-altitude strategy accurately captured the decline, both successfully realizing profits!


From the current market situation, the 4-hour chart currently maintains a weak oscillation pattern. The moving average system is generally in a bearish arrangement, and the medium-term trend remains under pressure; the middle Bollinger Band continues to press downward, indicating that the downward momentum has not yet fully exhausted, and no substantial reversal signal has appeared in the market. Although the overall trend remains bearish, it is recommended to continue with the main idea of "rebound and short" in the future.
For Bitcoin, short near 69,800-70,600 on rebounds, targeting 67,300-65,300; if broken, then look toward 63,000.
For Ethereum, short near 2,060-2,100 on rebounds, targeting 1,980-1,880; if broken, then look toward 1,780.
BTC-0.85%
ETH-0.84%
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