Thursday Morning | Tang Long's Trading Strategy Analysis

After a sharp decline in the early hours, the market entered a sideways consolidation phase. The Federal Reserve's speech was generally neutral, but market sentiment remains notably weak.

Market Overview:
BTC rebounded to around 71,900 but encountered resistance, then retreated to 70,400 and stabilized, currently oscillating around 71,000;
ETH rebounded to 2,225 under pressure, found support at 2,150, and is now consolidating near 2,190.

From a structural perspective:
On the daily chart, BTC formed a large bearish candle that completely engulfed previous gains, creating a "dark cloud cover" pattern, while breaking below the 5-day and 10-day moving averages. The MACD also shows signs of a death cross, indicating that short-term correction risk has significantly increased. Key support levels to watch are in the 70,000–70,400 range.

On the 4-hour chart, the upward trend has been broken, with a rapid decline breaking below the Bollinger Bands, suggesting that bearish momentum is strengthening. Rebounds are more likely to present short-selling opportunities.

Trading Strategy:

BTC:
Consider short positions in the 71,500–72,000 range
Initial target: 70,000 level
Swing target: 68,600

ETH:
Consider short positions in the 2,210–2,240 range
Targets: 2,170–2,120
Swing target: 2,000

The above is personal analysis for reference only. Actual trading should follow market rhythm. Pay attention to position sizing and risk management. #Gate13周年全球庆典 #美联储利率决议 #英伟达GTC2026大会召开 #Grayscale质押1.92万枚ETH #七大央行利率来袭 $BTC $GT $ETH