Good evening everyone, I am Xin Ya.
Next, let’s briefly review; last night, after Bitcoin surged from 62800 to 63800, it took a break, and two large hourly candles rose to 64800, followed by six retracements within the range of 64500 to 65200. What should have been a structure to test support instead turned into a sideways movement instead of a drop. Tonight at nine o'clock, it tested 65500 before encountering resistance.

Ethereum last night broke through 1810 on positive news and sentiment, reaching around 1860. After pushing up to 1890, it consolidated between 1865 and 1890 for seven times and then broke through that range in the evening, testing 1940, with a peak spike to 1946.
It can be seen that the market's movement is not a normal retracement and consolidation to push higher, but rather a push down through a sideways movement to force a short squeeze and liquidation. Moreover, the strength of Bitcoin and Ethereum alternates, and this pattern is almost identical to that in 2024. Since significant positions weren't held after breaking key levels, we can only lay out pressure and support in sequence.

For Bitcoin, pay attention to 65800, 66500, and 68500 above.
Pay attention to 64800, 63800, and 62800 below.
For Ethereum, pay attention to 1940, 1981, and 2023 above.
Pay attention to 1886, 1662, and 1838 below.
In this market, you should probably leave two positions open for averaging on either side. The market may still test the structure, and it could either extend the four-hour rebound or experience a retracement of fifteen minutes or even an hour within the hourly volatility.
Conservatively, consider going long at 63800, or short at 66500; aggressively, you can go long at 64800. Averaging at 63800.
For Ethereum, conservatively consider going long at 1890, averaging at 1868 or shorting at 1981; aggressively, you can go long at 1920.
The expected concentrated fluctuations for Ethereum are around 1917-1942.
Conservatively wait for some movement to test either below or above, and then look for a new consolidation range to trade.
Boldly guessing, if we see an initial rise, the next concentrated range for oscillation is expected between 1958-1978.

Follow along, WeChat public account: Xin Ya talks about trading.

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