In the previous analysis, it was mentioned that after a sharp decline in the market, the daily level MA5 moving average line showed a significant gap, and there was a rebound signal in the short-term 4-hour chart. In the early morning, there was a technical rebound adjustment in the short-term. We took the initiative to set up long positions at low levels, and strategically went long near Bitcoin around 63,000 and Ethereum around 3,000. We perfectly entered the positions and successfully reached the target levels of 65,500 and 3,120, respectively, gaining profits of over 2,500 points and more than 120 points. We believe that those who followed the long position strategy have achieved good profits in this bull market with many washing-out market conditions. For short-term trading, it is important to reasonably grasp the range.

As for the return of the market, after a significant decline, the coin price has shown a warming trend. On the 4-hour chart, the continuous decrease in the volume of short positions has led to an increasing rebound strength. The candlestick also shows a large positive recovery. In the short term, for Bitcoin, attention should be paid to the upper resistance level of around 66,500 on the 4-hour chart, and for Ethereum, the short-term pressure is near 3,200. Only with effective breakthrough and stabilization can the warming rebound trend continue. Currently, the market is biased towards oscillating adjustments, so it may be prudent to observe for now. For those who are uncertain about trend and entry points, you can follow the public account (幕枫看趋势) for communication and exchange!

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