4.2 Morning Bitcoin Brief: Retracement Bottoms Continuously Rising, Focus on Old T's 9:00 Speech

Yesterday afternoon, Bitcoin surged to 69,288 but faced resistance and retraced, during the US session it fell to 67,880, then recovered to 69,100 overnight, and repeatedly dropped below 68,000 at dawn;

Ethereum faced resistance at 2,157 yesterday afternoon, during the US session it retested 2,107 and then moved higher to 2,167, showing stronger resilience than BTC.

Jingwen yesterday afternoon at around 69,200 and near 2,155 reopened short positions, successfully capturing 1,000 points / 40 points, recovering losses from the early morning dip;

Before the US session, the “Yellow Hair Statement” was bullish again: even if the US stock market opens poorly, precious metals gold and silver, BTC, and ETH are unlikely to fall;

The prediction was accurate, suggesting BTC around 67,900 and ETH around 2,112 for long entries, again capturing 1,000 points / 35 points!

Currently, on a smaller timeframe, after a slight pullback around midnight below 68,000, there was a rebound of varying degrees, with the bottom continuously rising;

Basically, the decline stopped near 68,000, with 67,800 and 67,700 being the lower boundary of the hourly chart and the MA60 support levels.

During the daytime, there may be another rebound from this level, especially with Old T's upcoming speech on Iran issues, which is expected to be a “K-chart” style;

BTC suggestion: go long around 68,000, add on dips at 67,500, target 69,000

ETH suggestion: go long around 2,130, add on dips at 2,100, target 2,200