Midday Bitcoin shows some momentum, with the market once again recovering above 68,000, but there are still no signs of stabilization. The price has slightly corrected again, returning to around 67,500 for continued consolidation. On Ethereum, after testing the 2060 level, it faced resistance and pulled back, with a low correction near 2030. In terms of spot trading, early long positions were profitably closed as expected. The Bitcoin long positions were entered around 67,000 in the morning and exited near 67,800, with the only regret being that after the rebound to 68,000, the market pulled back following increased volume. It can be said that greed was not satisfied. On Ethereum, long positions were entered around 2000 in the morning and exited near 2060, capturing nearly 50 points of profit. Short-term intraday gains have been achieved. As it is Friday, it feels like something big is coming, otherwise this week might seem somewhat dull.

Looking at the larger cycle, after five consecutive weekly declines, the weekly chart still shows a battle between bulls and bears within the doji star pattern. Whether it can turn positive depends on a significant increase in volume to stabilize the current level; otherwise, given the extent of the decline, medium- to long-term opportunities remain limited. According to Fibonacci levels, attention should be paid to a substantial breakout around 68,800, which could signal a bullish move if the weekly candle closes higher. Therefore, for medium- to long-term positioning, it’s not recommended to make major adjustments now. For trading, it’s advisable to focus on high levels for entries and set stop-losses accordingly. For short-term trading, the current approach remains to trade within the range, with emphasis on quick gains. The support level at the bottom is around 66,000.

Trading strategy: Bitcoin should be traded with high shorts and low longs within the 67,000-68,500 range, while Ethereum can be referenced within the 2000-2080 range. #BTC能否重返7万美元？