Bitcoin and Ethereum will continue to maintain a high-altitude momentum
Bitcoin previously bottomed out after falling below the 60,000 mark and rebounded, consolidating in the 66,000-70,000 range, with short-term bulls and bears in a brief tug-of-war. Recently, the market has shown obvious weakness, with moving averages turning downward to suppress prices, MACD remaining weak, trading volume gradually shrinking, and rebound momentum severely lacking.
Key support levels below have been consecutively broken, and bears have regained control of the trend, with a clear downward structure now formed. Currently, the strategy is to follow the trend and go short, avoiding counter-trend bottom fishing, with strict risk control and stop-loss.
Bitcoin: Short at 63,500-63,800, target 61,500-62,000
Ethereum: Short at 1,840-1,860, target 1,700-1,750
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Bitcoin and Ethereum will continue to maintain a high-altitude momentum
Bitcoin previously bottomed out after falling below the 60,000 mark and rebounded, consolidating in the 66,000-70,000 range, with short-term bulls and bears in a brief tug-of-war. Recently, the market has shown obvious weakness, with moving averages turning downward to suppress prices, MACD remaining weak, trading volume gradually shrinking, and rebound momentum severely lacking.
Key support levels below have been consecutively broken, and bears have regained control of the trend, with a clear downward structure now formed. Currently, the strategy is to follow the trend and go short, avoiding counter-trend bottom fishing, with strict risk control and stop-loss.
Bitcoin: Short at 63,500-63,800, target 61,500-62,000
Ethereum: Short at 1,840-1,860, target 1,700-1,750