From nighttime to early morning, the price surged from the high point of 68,100 and then faced resistance, turning back down. During the session, it quickly plunged to a low of 66,100. Subsequent small rebounds lacked momentum, and the overall market was dominated by bears. The short-term rebound was just a weak correction after a sharp decline. Yesterday, Bitcoin showed a clear downward trend, and all our short positions yesterday hit their targets. Our trading ideas remained consistent throughout the day, with short positions gaining over 4,000 points. The short strategy given in the early morning has already reached its target level, and those holding short positions can continue to hold.
From the current technical structure, after the market surged overnight to reach the high of 68,100, the bullish momentum exhausted and faced resistance, leading to a sideways consolidation. This was followed by a large, full-bodied bearish candle, with the price quickly plunging to a low of 66,100, as bears concentrated volume to sell off. Although the market closed with several small bullish candles after the sharp decline, attempting to recover, the rebound was weak, with the upward targets gradually moving lower. It never recovered the losses from the sharp drop, nor showed any signs of stabilization or reversal signals. The overall market focus continues to shift downward, and the downward structure remains intact. Currently, all rebounds are just weak pauses within the downtrend. The bulls are unable to reverse the bearish trend. In the short term, it’s clear to follow the trend and focus on short positions. When the price rebounds to the resistance zone, it’s an ideal entry point for shorts. I personally recommend a bearish outlook on Bitcoin today.
At midday, I suggest shorting around 66,900-67,400 for Bitcoin, with targets near 65,700. For Ethereum, short around 1,875-1,895, with a target near 1,820. #分享美股交易赢英伟达股票
