Enze: Bull Run? Don't be impulsive! A sharp rise that doesn't continue is a trap; the main trend is still high-level trading.

Currently, the market experienced a strong surge this morning, reaching a high of 66,283. Many people in the market are calling for a bull run, but I personally do not agree. This rapid surge is more likely a technical shakeout, as can be seen from the continued weakness in the afternoon session. The bulls have not sustained the momentum, so the next operation should continue to focus on high-level short positions.

From the four-hour chart, the price has already moved below the middle band of the Bollinger Bands, which are opening downward and extending. The MACD momentum is diminishing, so continue to be bearish tonight.

Trading Suggestions:

BTC: Range around 68,000-66,500, stop-loss above 68,600, target down to around 64,000-62,500.

ETH: Range around 1,930-1,990, stop-loss above 2,000, target down to around 1,830-1,800.

Reminder:

The above analysis is Enze's personal view. The market is ever-changing, so please rely on Enze's real-time analysis!