Reviewing the afternoon market, after the rebound faced resistance around 67,000, it briefly retreated to about 65,500 to halt the decline. The market then rebounded again in the evening, recovering to around 66,700 but faced resistance. Overall, the price is trading sideways around 66,000, continuing to fluctuate. In the afternoon, our suggestion to buy on dips was validated again, with Bitcoin pulling back to around 65,600, entering long positions, and then surging near 66,500 to exit with over a thousand points profit. Ethereum retreated to around 1,925 to enter long positions, rebounded to 1,960, and exited with a 35-point gain. Throughout the day, we repeatedly mentioned that during the daytime, the market still mainly ranges; in the evening, we need to pay attention to the US stock market's opening after the war to determine the overall trend.
On the four-hour chart, the candlesticks are consistently oscillating around the middle band, and there hasn't been a strong trend today. The triangle range is still converging. Currently, both bullish and bearish patterns are premature, and the short-term strategy should focus on the current oscillation range for positioning. The multiple rejections of a short-term rebound at the MA120 indicate that the resistance above has slightly shifted downward. In the near future, watch whether the bottom support structure breaks; consider short-term directions accordingly. The current trend appears somewhat bearish, so entering at high levels can still be held. Future market movements depend on whether there is a second bottom test without a substantial break below, which would allow for more bullish volume. For trading, consider trying short positions tonight.
Bitcoin can be shorted between 66,700 and 67,000, monitoring the 65,000 break. Ethereum can be shorted between 1,960 and 1,990, watching around 1,900. $BTC $ETH
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Reviewing the afternoon market, after the rebound faced resistance around 67,000, it briefly retreated to about 65,500 to halt the decline. The market then rebounded again in the evening, recovering to around 66,700 but faced resistance. Overall, the price is trading sideways around 66,000, continuing to fluctuate. In the afternoon, our suggestion to buy on dips was validated again, with Bitcoin pulling back to around 65,600, entering long positions, and then surging near 66,500 to exit with over a thousand points profit. Ethereum retreated to around 1,925 to enter long positions, rebounded to 1,960, and exited with a 35-point gain. Throughout the day, we repeatedly mentioned that during the daytime, the market still mainly ranges; in the evening, we need to pay attention to the US stock market's opening after the war to determine the overall trend.
On the four-hour chart, the candlesticks are consistently oscillating around the middle band, and there hasn't been a strong trend today. The triangle range is still converging. Currently, both bullish and bearish patterns are premature, and the short-term strategy should focus on the current oscillation range for positioning. The multiple rejections of a short-term rebound at the MA120 indicate that the resistance above has slightly shifted downward. In the near future, watch whether the bottom support structure breaks; consider short-term directions accordingly. The current trend appears somewhat bearish, so entering at high levels can still be held. Future market movements depend on whether there is a second bottom test without a substantial break below, which would allow for more bullish volume. For trading, consider trying short positions tonight.
Bitcoin can be shorted between 66,700 and 67,000, monitoring the 65,000 break. Ethereum can be shorted between 1,960 and 1,990, watching around 1,900. $BTC $ETH