Afternoon market: Bitcoin is basically showing short-term signs of bottoming around the 76,500 area. As the evening brings a bullish rebound, the market once again recovered to around 77,500 for consolidation. It has now reached the upper end of the consolidation range again. As mentioned earlier, this consolidation range is expected to continue; before it breaks out of the range, we will keep looking at the range. Ethereum’s approach is basically the same as Bitcoin’s, and it also arrived around 2,130 as expected. The low long positions highlighted during the day all took profit as planned—Bitcoin captured a 900-point move, while Ethereum captured a 30-point move.

Judging from the current market: on the 4-hour chart, there has been a pullback to the middle line, where it met with some resistance. It then rebounded, and with a single bullish candle, it surged and recovered—reaching the top of the consolidation range. I’ve also mentioned multiple times that before a breakdown, it’s better to stay cautiously focused on the range. In the short term, the market may be influenced by developments related to the U.S. and Iran, but the situation in the Middle East changes day by day—who can really say for sure? Don’t let a one or two waves of price-pumping lure you. The larger-scale bearish trend is becoming clearer, and the market is still more biased toward a weak consolidation. If the highs are not broken, pullbacks are opportunities to treat as short setups.

For Bitcoin, you can go short at 77,300-77,800, targeting 76,500-76,000. For Ethereum, you can go short at 2,130-2,150, targeting around 2,080. #美军打击伊朗