Intraday market sentiment remains dull and uneventful, but unexpectedly, the evening market suddenly changed dramatically. Driven by the US stock market opening linkage, the trend instantly shifted from strong to weak. Bitcoin experienced a correction down to the 73,200 level, stabilizing and recovering, while Ethereum followed downward, dipping to around 2,280 before starting to rebound. Currently, the relative prices have returned close to the levels before this round of market sentiment was triggered. After closing profits on our morning short orders, we re-entered short positions near 74,300 in the evening. During the evening correction phase, we adjusted the average price through additional positions, ultimately securing nearly 800 points of profit safely, completing all trading arrangements for today smoothly.

Looking at the current market situation, although Bitcoin experienced a deeper correction tonight, the speed and strength of the subsequent recovery show strong resilience. We previously analyzed that the short-term trend might see some retracement correction, but this adjustment is merely a healthy rotation within the upward trend and will not change the mid-term bullish core direction. Combining this evening’s market rhythm, the retracement remains within a controllable range. From the four-hour perspective, Bitcoin maintained a narrow-range, fragmented K-line adjustment pattern, quickly recovered after the evening dip, and finally closed positively. The long lower shadow indicates sufficient buying support below; the Bollinger Bands’ three lines are converging upward, and after retracing to the middle band, they found some support. Overall, the upward structure remains intact. This deep correction effectively released short-term selling pressure, completing a healthy shakeout during the trend’s upward phase, laying the groundwork for a new round of upward attack. For tonight’s layout, we continue to adopt a bullish outlook.

Bitcoin: around 73,800, aiming for 75,600.
Ethereum: around 2,290, aiming for 2,380. $BTC $ETH #Allbirds转型AI ‌ ‌