Reviewing the intraday market trend, Bitcoin retreated to around 76,000 in the morning to face resistance, then dropped to around 75,200 at noon for sideways consolidation, followed by a strong bearish push, with the lowest point reaching around 74,645. The market movement perfectly aligns with Old Yang’s intraday layout, with Bitcoin’s two waves successfully capturing 1,474 points, and Ethereum gaining 41 points of space. Holding onto the lows now sets the stage for future highs. The market is never short of opportunities; what’s lacking are calm minds and sufficient chips.

From the current market perspective, Bitcoin’s daily chart shows consecutive downward candles, retreating from high levels, breaking below the key support at 76,000, forming a right shoulder of an M-top pattern, indicating increased selling pressure above. It is trading below all moving averages, with layers of resistance, making rebounds weak. The Bollinger Bands are opening downward, with the price near the lower band at 75,500, continuing the bearish trend. Ethereum is linked to Bitcoin, showing weak consolidation, with an even weaker structure, oscillating between 2,050 and 2,080, displaying a bearish arrangement.

Tonight, short Bitcoin at 75,000-75,500, targeting around 73,500
Tonight, short Ethereum at 2,060-2,090, targeting around 1,950#股票交易挑战最高赢17000U $BTC