Currently, the overall market remains in a narrow range of fluctuation, with limited space for movement within the day. The market is still oscillating back and forth between 76,600 and 77,500. However, the overall trend is relatively slow, with upward movements accompanied by certain retracement spaces, so there are no ideal points for us to set up long positions. But in the early morning setup, the short-term long positions around 76,600 were closed during this small rally, with Bitcoin gaining over 800 points of space, and Ethereum gaining 30 points of space. Although the gains are not large, this confirms the validity of our trading ideas, which are accurate and reliable. Let the facts speak for themselves. You’ll know whether it’s accurate or not when you follow along. There’s little point in saying too much.

From the current market situation, the market has once again entered a phase of oscillation and correction. In the short term, the rebound is limited; the trend remains weak, and there is clear resistance above. Multiple attempts at upward rebounds have failed to break through significantly. Currently, the market is under pressure at high levels, indicating a bearish outlook in the short term. For today, the first consideration is that the previous rebound did not continue upward, and secondly, after the recent stop in rally, the market is again in a narrow range of fluctuation. Therefore, if the current resistance area cannot be effectively broken, it’s better to look for short positions on dips. Support at lower levels should be targeted for rebounds, maintaining a range-bound approach. If a breakout occurs, we will adjust accordingly. The current strategy remains to follow the long side and look for rebounds.

Bitcoin: 76,500-76,300, long, target focus on 77,800
Ethereum: 2,260-2,240, long, target focus on 2,400