The Bitcoin chart's recent movement is quite similar to the early rally pattern observed yesterday, but during midday, the momentum completely reversed, showing a sideways to downward correction pattern. Currently, the price has retreated to around 67,400. During the initial phase of the early rally, I provided real-time strategic guidance: follow the long position at 68,000 for Bitcoin and the position at 2,075 for Ethereum. Currently, the positions are in a profitable state, and I am waiting for further confirmation of the trend before taking profits.

From the current chart structure, Bitcoin is in a correction phase after a sharp rise. After a strong upward move with a long upper shadow, the trend shifted to sideways and downward correction, gradually retracing previous gains. On the hourly chart, Bitcoin tested the 68,000 level twice but failed to hold above it, forming a small cycle double top pattern. Resistance levels above are clearly defined, and the overall price range continues to narrow, with consolidation at higher levels. The four-hour chart shows the Bollinger Bands are parallel and trending upward, but the recent rallies have not shown significant volume increases, indicating clear signs of distribution by the main players. The larger cycle remains in a weak downward structure without breaking support. Therefore, my subsequent strategy remains to watch for consolidation and to consider taking high positions when the opportunity arises.

Bitcoin can continue to follow the consolidation around 67,800, and Ethereum can be traded simultaneously. The short-term target is first to aim for a 1,000-point gain for Bitcoin and a 60-point gain for Ethereum. $BTC #BTC能否守住6.5万美元？