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“Candlesticks are the market's breathing, and the ups and downs are its heartbeat. Don't think you've understood the entire script just because of a sharp fluctuation—Even Satoshi Nakamoto might not have predicted today's plot.” The strategy of shorting again proves valid. Our bearish entry points focus on around 76800 for Bitcoin and around 2290 for Ethereum. After Ethereum's midday oscillation and decline, we followed Dan's operation, entering Bitcoin near 76500 and Ethereum around 2290. In the evening, the market directly dropped to our target levels, around 74500, where we exited promptly. When Bitcoin reached around 2150, we also exited simultaneously. To prevent a rebound, we took profits early. The market trend remains very much in line with expectations. In such market conditions, whether going long or short, you can make some gains—mainly by paying attention to your entry points.
Yesterday's market again confirmed the dominance of bearish sentiment. A deep correction of over 5000 points in a single day not only highlighted the sellers' determination to suppress key levels but also clearly indicated that the current market rhythm is still controlled by the selling force. Although the price rebounded technically after touching around 72900, this is more of a normal recovery after a sharp decline and not enough to signal a trend reversal. Structurally, the rebound remains limited, and overall, the market is still in a consolidation phase within a bearish pattern. The key resistance zone above is obvious; if a volume-driven breakout cannot be achieved, after the corrective rebound ends, the market is likely to test support levels again.
BTC trading idea: Watch the resistance at 76800 and 78600, which are previous resistance points and also the dividing line between strength and weakness for the day.
· Strategy suggestion: As the rebound approaches the above resistance zone, consider adding to short positions, with targets gradually lowering to around 72000; if broken downward, the downside space will further open.
ETH synchronized idea: Follow Bitcoin's rhythm, focusing on the resistance area around 2200. When the rebound weakens, consider shorting, with support levels around 1980–2000.
Trading suggestions:
Short near 75300 for Bitcoin, target around 73000
Short near 2250 for Ethereum, target around 2000