The BTC triangle convergence has not been broken, looking to place long positions on pullbacks, waiting for directional choice.
After continuous fluctuations in the market, Bitcoin is still in a triangular convergence structure.
From the 4-hour level, the price rebounded after confirming support near 62300, repeatedly testing the 64700~65000 area above, but multiple attempts to rise have not been effectively broken through, indicating there is still pressure in the short term.
However, the support below is also obvious.
At 62300, as the low point of this pullback, it has repeatedly held up buying pressure, and the market's defense sentiment around the 60,000 mark remains strong.
The current market is entering a critical selection phase:
A breakthrough above 65000 means that the descending trend line has been broken, and further testing is expected:
65200—65700 area
Therefore, the current approach:
Bitcoin: Enter long near 64200, add long near 63700, target at 65200—65700.
Protectively focus on around 63400, if it breaks down, re-observe the 62300 support.
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On the Ethereum side:
ETH is currently oscillating around the 1880~1900 area, following the movement of Bitcoin in the short-term structure.
1895~1885 is a previous support area, and if the pullback does not break it, there is still rebound space.
Operational thinking:
Ethereum: Enter long at 1895—1885, target at 1927—1947.
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The market does not have perpetual increases, nor infinite declines.
Real opportunities often appear before directional choices.
Now BTC is waiting for confirmation of breaking 65000, ETH is waiting to regain stability above 1900.
Fluctuations do not mean opportunities are absent; rather, they are waiting for the chips to be redistributed.
Old Jin's view:
Look at the structure from a larger scale, find the position on a smaller scale.
The trend is unbroken, be patient and wait.
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