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The market never lacks opportunities; it only lacks patience and discipline. Keep to the pace, strictly control risk, and long-term persistence will surely yield results. In the early-morning chart, the overall market shows a choppy upward trend: the price was lifted to around 76,500, met resistance and pulled back; then a phase of retracement appeared. Currently, it is consolidating and ranging around 75,800. Ethereum’s price action is basically consistent with Bitcoin’s: in the early morning, it probed up to around 2,340, met resistance and pulled back. Our midnight retracement-long idea that we publicly provided to everyone was precisely fulfilled.
From the current chart trend, the short-term rebound and rally failed to achieve an effective breakout and continued extension. After probing higher, a phase of pullback has already occurred. Going forward, the key is to focus on whether the prior high can form a phase top, thereby driving a new round of heavy short-selling volume to push the price lower. On the indicator side, although the golden cross has driven some restoration of bullish momentum, overall upside strength is still weak, and the highs are gradually shifting lower, suggesting there is still room for further technical pullback in the future. Next, it is necessary to closely monitor whether key support levels below stabilize. In terms of the trading approach, it is still recommended to mainly position for shorts in line with the trend.
Tuesday morning Bitcoin: short in the 76000-76500 range, target 74500
Tuesday morning Ethereum: short in the 2330-2360 range, target 2250
$BTC #布伦特原油持续走强 $ETH