Time always flies, and so does the market. We don't have much time to lament the past. Positive people can see opportunities in every crisis, while negative people hesitate when opportunities arise. In the face of volatile markets, we must seize every opportunity to stabilize our profits.
Bitcoin oscillated in a box over the weekend, and the bears tested the 64559 support level the next day before rebounding. It then significantly recovered the intraday decline. Although it seems circuitous, the overall pattern is weak. The 70000 level will be the critical point of this bull market. The intraday structure clearly shows that the high points are continuously under pressure, while the low points of support are gradually shifting downward. The strategy was established at the beginning of the week.
The early morning rebound is only a last-ditch effort by the bulls and does not indicate a trend reversal. Unless it breaks through the critical point, at present, whether it is a temporary top or a brief correction, the rebound strategy is more in line with the current market trend. However, it requires precise timing, and there are often signs of false breakouts. Short-term strategies can be implemented.
Remember to trade cautiously in short-term positions, enter cautiously, and reserve positions for phased replenishment.
BTC: Long at 68500-68000, target 60000, reference buy-in points 69000/70000, defense at 71500
ETH: Long at 3600-3650, target 3300, reference buy-in points 3700/3800, defense at 3880
Having been in the cryptocurrency industry for eight years, I have diligently studied candlestick theories and am skilled in short-term, swing, and long-term strategies. The disciples' class and retail group are open simultaneously. If you have dreams, let's create brilliance together. If you have regrets, let's start over together. Let's create wealth and freedom in this bull market, and enjoy life with wine and laughter next year.
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