Yesterday, Bitcoin initially declined then rebounded. The white market continued to fluctuate and pull back, with the lowest point reaching around 66,000. The correction exceeded 3,000 points. Our previous high-altitude trading strategy was accurately executed; subsequently, the market experienced a rebound and recovery, with the highest approaching 69,000.
From the current market situation, after a surge last night, the price has risen back to a stage-high level. In the short term, there is significant resistance above, and previous attempts to break through have failed to achieve effective breakthroughs. There is considerable selling pressure overhead. The overall pattern remains weak; even with a slight short-term rebound, it is likely to face resistance near key levels and fall back. The trend leans toward oscillation and retracement, and subsequent operations should mainly focus on shorting high.
For Bitcoin, short near 68,900-69,700, targeting 66,500-65,000. If broken, then look toward 63,000. For altcoins, short near 2,000-2,050, targeting 1,930-1,850. If broken, then look toward 1,800.
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Yesterday, Bitcoin initially declined then rebounded. The white market continued to fluctuate and pull back, with the lowest point reaching around 66,000. The correction exceeded 3,000 points. Our previous high-altitude trading strategy was accurately executed; subsequently, the market experienced a rebound and recovery, with the highest approaching 69,000.
From the current market situation, after a surge last night, the price has risen back to a stage-high level. In the short term, there is significant resistance above, and previous attempts to break through have failed to achieve effective breakthroughs. There is considerable selling pressure overhead. The overall pattern remains weak; even with a slight short-term rebound, it is likely to face resistance near key levels and fall back. The trend leans toward oscillation and retracement, and subsequent operations should mainly focus on shorting high.
For Bitcoin, short near 68,900-69,700, targeting 66,500-65,000. If broken, then look toward 63,000.
For altcoins, short near 2,000-2,050, targeting 1,930-1,850. If broken, then look toward 1,800.