Good evening everyone.

Let's briefly recap. Last night at 8 PM, Bitcoin started to crash from 76,000. At that time, the 15-minute indicators were misleading, with KDJ and RSI signaling a bullish crossover, while MACD turned positive due to buying pressure. When the next candle started, the market began selling off. After dropping to 74,800, there was a slight rebound. The night session saw narrow fluctuations between 74,800 and 75,300, and by 5 AM, there was another sell-off. Around 11 AM during the lunchtime, there was a second wave of selling around 74,200, with the price hitting a low of 72,600 before starting to recover.

This process is clearly a liquidation process. We can mark 74,800 and 73,500. The current market is leaning towards panic, and the daytime recovery is weak; we'll need to see if the evening session continues. If you remember 2023, it generally involved a back-and-forth between the day and night sessions. Structurally, there are two possibilities: one is a consolidation and repair period, oscillating in the range of 73,500-74,800, initially narrow, and over the next week, it could open up wider fluctuations above and below this central range.

The second possibility involves a rebound test, testing the area around 74,200-74,800 (the former being the panic point and the latter being the divergence point), which could face resistance, then drop to 72,800, and after oscillation, extend towards the lower boundary of the rising channel that started in February, around 71,500.

As the leverage has been liquidated, the next step to consider is whether shorts choose to exit or continue to press down. If they choose to exit, the profit-taking will combine with those trying to catch the bottom, resulting in the first scenario.

So I suggest handling it with a consolidation and oscillation logic,
with a range approximately between 72,500-74,800.

Both sides can be handled, playing the ultimate game of odds.
In the short term, go long around 72,800 with a stop at 72,000.
Also, you can short at 74,500, add at 75,200, and stop at 75,700.

As for Ethereum, last night at 8 PM, there was a misleading signal. When approaching 2,100, selling pressure entered. The first wave of sell-off dropped to the old support level at 2,050. Since the rebound was not weak, it created a long trap. The price action was segmented with pressure applied rhythmically last night at 9 PM, 1 AM, and 5 AM, rebounding at times and facing pressure at others, all aimed at liquidating the main force. It is important to note that in the afternoon starting from 2,020, there was an increase in sell volume, which directly broke through the significant level of 2,000. Both parties knew that the bulls would place stop-losses and forced liquidations below the key level, leading to a panic sell-off.

Currently, structurally there are two possible paths, and the pattern is expected to be similar to Bitcoin. We identify three possibilities for the market ahead. First, a consolidation for repair is likely to first test the key level of 2,000 before testing the diving point of 2,020. After consolidation, it could oscillate upwards to contest the largest divergence point in February and March around 2,080.

The first option is a pressure test. After a rebound, the price could get stuck at the low point of the previous segment around 2,010 and continue to test the platform at 1,940, which would not be favorable for the future and has a low probability.

Key support to watch below is 1,940, and above is 2,015, 2,068.
Thus, we align with Bitcoin and trade for rebounds frequently.
For 1,955-1,975, we can frequently engage in short-term rebounds as long as there are no losses. If shorting, avoid entering before 2,010, with a stop loss of around ten points. Handle it with oscillation. My inclination is for a short-term repair first, then a move to oscillate upwards. How you wish to act is up to you.

Dident it go well yesterday? Am I not enough of a prophet? Bitcoin’s targets were 74,800, 73,500, and 2,050, 2,010.

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