The candlestick body shows a prolonged upper shadow in the 78,800-79,400 range, indicating heavy selling pressure in that area, with bulls facing strong distribution at high levels. Overall, the price is at a high level with some selling pressure. Currently, the price has fallen back into the body of the previous 4-hour bullish candle, showing signs of a engulfing pause. The key support below is the unfilled gap starting point at 76,660-76,000. If this area is broken, the short-term upward trend will be disrupted. The indicator is currently in a consolidation phase after being overbought, with some correction strength in the short term. But the focus is on how strong this correction will be. In the short term, consider initially shorting, waiting for a pullback to attempt long positions on a breakout.



Bitcoin can be shorted at 78,500-79,000, targeting around 77,200. If a pullback occurs, long positions can be added lightly for a rebound. Ethereum can be shorted at 2,310-2,330, targeting around 2,280. #美国寻求战略比特币储备 $BTC $ETH
BTC1.46%
ETH0.85%
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