In the early-morning market, overall it is still rebounding after bottoming out and has recovered from the dip. The market remains in range-bound conditions overall. After Bitcoin’s lowest pullback pierced and briefly fell below the 77,000 area with a wick, it rebounded and recovered; in the morning, it surged to a peak around 78,300. Ethereum’s movement has basically followed Bitcoin’s path: it retraced with a wick to 2280, then rebounded and recovered; in the short term, 2330 faces pressure and price pulled back, forming a certain top-bottom structure. The short positions we laid out overnight were also taken off and booked profit along the way. The overnight plan also reminded everyone that you can try to catch long trades at the support structure. The fact that both long and short captured gains overnight also made for a satisfying 2,000-point profit space. With this kind of market, taking profits is relatively easy—just nail the range.

From the current market conditions, looking at the daily chart, there is a doji K-line consolidation; the market is rebounding after a pullback to the moving-average structure. The market is still in a strong structure. During the pullbacks, there has not been any further breakdown signal. The market is still in a period where the bulls are strong. After today’s consolidation, it is very likely that the market will eventually break out and clarify the specific direction for both long and short. On indicators, price is currently hovering in the overbought zone. Even if there is further upside and the price pushes higher, the expected volume may not be that strong, leaving room for a downward adjustment. Therefore, overall the trading plan should keep following short positions: keep entries light around 78,500-79,500. On the 4-hour chart, a second wick was formed and it closed with a lower shadow; the current structure is still an oscillating consolidation. The highs are also trending downward. Looking ahead, the key focus is still to watch for a divergence forming after a volume expansion. If the market truly breaks below the 77,000 area, you should still pay attention to whether the 76,000 support at the bottom of the upward channel can hold. At the highs for now, first look to catch the pullback around 77,000 for the day, and then consider a short-term long setup.

Bitcoin can be shorted at 78,200-78,500, targeting near 77,000. “YI” can be shorted at 2330-2350, targeting 2300-2280. #比特币反弹 $BTC $ETH