Today’s market shows a pattern of sharp rise followed by a pullback. During the session, Bitcoin's price once surged strongly, testing the 68,500 level. However, due to insufficient follow-up buying, it failed to break through effectively and quickly faced resistance and pulled back. As the US trading session began, selling pressure increased further, and the market ultimately closed around 66,000. On the daily chart, a prominent long upper shadow is formed, fully revealing the strong supply pressure in the key zone between 68,000 and 70,000, indicating that resistance above should not be underestimated. Ethereum’s movement, while correlated with Bitcoin, appears relatively weak. Although it rebounded to around 2150 due to short covering during the day, it encountered clear technical selling pressure near the 2100 key resistance level, causing the price to fall back. It finally closed around 2034. In the evening, the US session continued with increased short selling, pushing the price down to close near 1940. This shows that short-term bearish sentiment has eased somewhat, but the pattern of lower rebound highs still reflects that the bullish foundation is unstable. The market is likely to continue oscillating and adjusting in the short term. The day’s market was volatile, and our approach during this oscillation is to position with two shorts and one long on Bitcoin, gaining about 4300 points. The “Auntie” gained over 200 points. Our intra-day strategy has been validated, and in the evening, attention should be paid to key resistance levels.

Currently, the chart shows a shift in daily structure with lower shadow lines, and overall price comparison remains under pressure at the midline. However, the intraday pullback did not further break below the previous key resistance. Looking at Fibonacci retracement, the price remains around 65,300 and has not shown a breakdown structure. Until a substantial breakdown occurs, the market still has the potential to return to a range of oscillation. Do not rush into operations—avoid chasing highs or selling lows. Combining the four-hour chart, the MACD indicator shows a death cross, indicating a downward trend. However, the key point is that the death cross currently shows a bearish divergence, suggesting that there is still room for a short-term rebound. The recent pullback has not resulted in further volume to break below 65,000. After midnight, the short-term outlook remains to consider short-term long positions.

Bitcoin can be bought around 65,000-65,500, targeting near 67,300. Ethereum can be bought around 1900-1920, targeting near 1980. #BTC #ETH