Everyone admires strength and finds it difficult to show pity for the weak. When the wind is up and the waters surge, the power of speech is in your own hands; when you’re in a low valley, all kinds of explanations are pale and powerless. Only by focusing your mind on deep cultivation and steady accumulation—breaking through prejudice with strength and earning respect with results—can you truly emerge.

The news has once again gained momentum, and from the early hours into the morning the market suddenly saw dramatic shifts. In the early hours, Bitcoin dipped to a low of 74,868, then rebounded and surged up to around 76,445, where it faced resistance and pulled back; Ethereum’s price action moved in sync as it rose from a low of 2,218 to a high of 2,277, and then turned downward again.

After two consecutive bullish sessions on the daily chart, three consecutive bearish sessions followed with a pullback. The price fell back to the middle band of the Bollinger Bands. The earlier strong upward structure of the Bollinger Bands has been completely reversed: the three bands gradually flatten and converge, and the bull-bear battle at higher levels continues to intensify. The daily MACD remains a downward death cross above the waterline, with bearish volume continuing to release; the daily-level bears have already taken the dominant position.

After a strong retest and a slight bullish correction on the four-hour level, the rebound’s strength is extremely weak. Selling pressure above continues to build, and a top-bottom reversal pattern is gradually taking shape. The MACD and KDJ lines are both making downward death crosses in parallel; the short-term bearish trend is clearly set to continue. Key support below is focused on the previous low of 73,669.

Based on the overall market structure, the afternoon trading approach is clear: mainly short on rebounds, and use the resistance level to plan your short positions accordingly.

Trading reference

BTC: Place short positions in the 76,000–76,500 rebound range; target 73,669
ETH: Place short positions in the 2,260–2,290 rebound range; target 2,150
$BTC $ETH
Bitcoin has effectively broken below the key 77,000 level, and the bearish market is continuing to gain traction
#美联储利率不变但内部分歧加剧