Morning Bitcoin slightly rebounded from the 77288 level, reaching a high of 77860 before facing resistance and falling back as expected, with the resistance level accurately fulfilled, now trading around 77400 in a sideways consolidation. Ethereum moved in sync, rebounding from 2124 to around 2140 before also facing resistance and weakening, now hovering near 2120. The morning market movement has indeed been quite frustrating, with limited volatility and light trading activity, but the more subdued the pace, the more it tests patience. Our Bitcoin short positions opened earlier are still in profit; as long as the direction is correct, there's no need to fear the grind, and consider taking profits around 77000.



On the daily chart, after a series of consecutive bearish candles, the price has now moved below the midline, just one step away from the lower support band. However, note that although the bears are still increasing volume, the price hasn't sharply broken through this zone, indicating that the buying support below is starting to show strength. This is the key support area we've been waiting for. After encountering resistance earlier, the downward target has basically been reached. Structurally, the trend is still weak, but within the 77000-78000 range, the risk-reward of shorting is no longer attractive. On the four-hour chart, the downtrend channel remains intact, with each rebound being suppressed by the upper band—an objective fact. But currently, the price has entered a bottoming and recovery phase, showing clear signs of stabilization in the short term. Although the rebound strength is limited, as long as the price doesn't break below 77000, there are opportunities for low-buying and speculation. A bearish trend doesn't mean we should chase all the way down; it's time to take profits when appropriate and act decisively when needed.

Bitcoin can continue to look for rebounds around 77000, with profits taken at 77800-78000 before shorting again. Ethereum can short on rebounds from 2140-2150, targeting 2100. #TradFi交易分享挑战 $BTC $ETH
BTC-0.41%
ETH-0.19%
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