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Yesterday Bitcoin was consolidating all day. The analysis was very clear - Bitcoin had a position entry around 7.1K yesterday, and currently Bitcoin continues to consolidate around the 70,000 round number. Due to obvious liquidity contraction, the technical performance hasn't changed much. The morning session remains in a range, and a directional move may occur in the afternoon and evening.
Key focus for the morning session: watch Bitcoin repeatedly test support around 6.95. If it stabilizes and completes a bottom formation, Bitcoin will see a rebound wave. You can set up short longs in the morning session.
Bitcoin 6.93-6.98 long, target 7.08-7.15, stop loss 6.88
Ethereum 2080-2120 long, target 2160-2180, stop loss 2070
$BTC $ETH
• Bitcoin: refers to BTC
• Ethereum: refers to ETH
• Trading slang terms used in crypto trading circles
• Price ranges and strategies: short-term trading guidance for Bitcoin and Ethereum including entry zones, targets, and stop loss levels