Early morning news indicates bearish fundamentals have materialized, and the market has once again dipped, with the lowest falling to around 74,868. Ethereum also weakened simultaneously, with the lowest point reaching 2,218. As expected, Powell's speech caused the entire crypto market to shake and decline. Although the light long position strategy given at midnight was not very effective, we added to our position near 65,800 to average down. Currently, in real trading, friends holding long positions are not far from breaking even. Yesterday, some friends who followed (Jingquan) to set up long positions got caught, and they can contact me at any time for free one-on-one guidance to recover.

From the daily chart perspective, after a rally, the price pulled back and retraced, forming upper and lower shadow patterns on the chart; the current retracement low coincides with the previous high point, which does not yet signal a trend reversal. The current price decline is also supported by fundamental and technical logic. From the current trend analysis, after a round of adjustment, the price may mainly undergo horizontal time correction in the short term. After the oscillation correction is complete, the overall trend will still return to a recovery and upward rhythm. In the four-hour chart, the price lows continue to shift downward, indicating short-term bearish sentiment; however, the current decline mainly involves shadow testing, which is weak in effectiveness. Future focus can be on waiting for the oscillation correction to end before looking for new opportunities for a rebound.

Thursday morning Bitcoin: buy near 75,800, target 77,500

Thursday morning Ethereum: buy near 2,260, target 2,350

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$BTC ‌#加密市场小幅下跌