After a long time $BTC & $ETH shorted

📊 The Numbers: BTC: $69,998 (-3.8%) ETH: $2,049 (-3.7%) SOL: $86.57 (-5.6%) BNB: $638 (-3.1%) Total market cap down 2.7% to $2.46T

Today’s market can be described as a unilateral downward trend. In the early trading session, the price remained above 70,000 with a battle between bulls and bears. The market rebounded above 71,000 but faced resistance. In the afternoon, Bitcoin retreated to the 70,000 level and struggled, ultimately breaking below a key support level. The non-farm payroll report in the evening did not bring increased volume, and the price continued to decline, falling toward 69,000. Later in the evening, the decline accelerated, with the lowest touching 68,121 before barely stabilizing. Our intraday trading strategy focused mainly on short-term low-buy positions. We took four long positions on Bitcoin, closed three for a profit, and cut one for a loss, totaling a gain of 1,500 points. Auntie’s position involved three trades, with one cut for a loss in the evening, resulting in almost no profit for the day. The main goal was to preserve capital and exit. From the daily chart perspective, Bitcoin has closed in the red for three consecutive days, with the lowest point today reaching the 68,000 level. The daily candlestick broke below the middle band of the Bollinger Bands, with short-term moving averages turning downward to form resistance. The MACD fast and slow lines are in a death cross at high levels, and the green histogram continues to expand, indicating that the daily correction is still ongoing. However, the key support at the bottom is in the 66,000-67,000 range, which can be considered a strong support zone. A retest here could trigger a technical rebound. On the four-hour chart, after falling from the high of 71,600, the price has formed a clear downward channel. Currently, the price has broken below 69,000 and is near the channel’s lower boundary. The KDJ indicator is in a low, sluggish state, and the RSI has entered oversold territory, suggesting a short-term rebound or correction may be needed. The MACD has a death cross and is diverging downward, indicating the overall bearish trend has not yet reversed. The rebound opportunities are more suitable for high-position shorting. Bitcoin can be shorted around 68,500-68,800, with a target near 67,000-67,500, and a stop-loss above 69,200. #GateforAI重磅上线 $BTC $ETH