Today's market analysis: Is this a normal pullback or the start of a new round of violent decline?
After a day and night, my family member has completed surgery, and I am taking care of them while briefly checking the market. No matter how tough or exhausting it gets, I can't forget my brothers!
Since noon on the 18th, the market has been continuously falling until midnight on the 20th. BTC plummeted by $5,500, ETH by $200; the market is now experiencing a slight rebound. BTC is consolidating around the 70,600 level, near the support at 70,825, and ETH is consolidating around 2,150.
The market has not fully broken through key levels. Currently, the daily K-line and 8-hour levels are in a normal pullback phase, at a critical point between bulls and bears, without a complete breakdown at the daily K level.
The 1-hour, 2-hour, and 4-hour levels are showing strong bearish momentum, driven by escalating regional conflicts and the Federal Reserve holding steady without cutting interest rates. The intensification of conflicts has triggered a global supply-side crisis, causing global capital to shift from expansion to contraction—all concerns!
No matter how the market moves, we must keep a positive mindset. Only then can we find opportunities within the crisis!
For BTC, watch the key support levels at 69,645 / 67,500 / 64,000. Any touch of these levels presents a chance to act. You can manage your positions and accumulate. The critical level is 70,825. Keep an eye on whether the market can close above this level by 8:00 tomorrow morning. If it cannot, treat it as oscillation and a bottom test for now.
For ETH, focus on 2,060 / 1,945 / 1,830. Starting from the second level, gradually enter spot positions in batches. For futures, refer to BTC’s three key levels. Take the opportunity to act when signals appear and manage your positions accordingly!
There’s nothing to fear in this market. As long as you control your position sizes well, the market will have ups and downs. When you get the rhythm right, isn’t that when you make the most money?
When there’s no volatility, hope for some. When there is volatility, hope it stabilizes a bit. Don’t be so contradictory—control your positions, wait for opportunities, and act when the time is right!
Manage your positions carefully. Small trades are the perfect time to train yourself and learn to identify buy and sell points. Growth happens right now. Stay patient and wait for the brother to make his comeback!
#BTC # ETH
