$BTC $ETH

Friday morning analysis and trading suggestions for Bitcoin and Ethereum

The market is volatile, and true strength lies in adhering to strategies and maintaining calm. Every fluctuation contains new insights and opportunities.

Looking back at the early morning trends, Bitcoin retraced to a low point of 59909 before rebounding to around 65500 for consolidation, while Ethereum synchronized with Bitcoin, retracing to around 1736 and then rebounding upwards. Currently, it has resumed consolidation around 1920. In real trading, we established a short position on Bitcoin in the morning, capturing a space of 3300 points and exiting smoothly, with continuous real-time follow-up on market trends.

Observing the current market pattern, the bearish forces still dominate. On the technical chart, the moving average system shows a dead cross pattern and is diverging downwards. The price rebound during this period is weak and lacks sustainability, belonging to a technical correction after a significant decline. This reflects that the underlying selling pressure in the market has not been fully released, and bearish momentum still exists. #BTC何时反弹？

In operations, continue to focus on establishing short positions on rallies as the main strategy, while staying alert to the risk of a potential second bottom test that may further break below previous lows. Before the trend becomes clear, it is not advisable to engage in premature counter-trend buying.

In operations, Bitcoin is to establish short positions around the 65800-65300 area, targeting around 62000.

Ethereum is to establish short positions around the 1960-1930 area, targeting around 1800-1750.