Reviewing the daytime market sentiment, Bitcoin has been declining steadily from around 75,500 in the morning, breaking the key support level of 73,000 at noon, with the lowest reaching around 72,556. It then rebounded overnight to around 73,500 for sideways consolidation. Old Yang strategically positioned himself in the evening, capturing two big moves in Bitcoin, totaling a gain of 566 points. Many traders cut losses and exited before dawn, while others entered aggressively at the top. The most valuable trait in the crypto world is to hold steady when no one is paying attention, and to exit when the market is booming. The market never owes patience to anyone. A sharp decline is an opportunity, and sideways movement is a time for accumulation.



Currently, the overall market remains at high levels but is pulling back, with a weak consolidation pattern. The short-term moving averages are in a bearish alignment, firmly suppressing the price, with strong resistance between 73,800 and 74,200. The daily chart shows consecutive downward candles, with the center of gravity continuously shifting lower, indicating a weak close. The Bollinger Bands are opening downward, with the price moving along the lower band, suggesting ongoing bearish momentum. If the price can hold above 74,500, there is hope for a reversal to strength; otherwise, a rebound will be an opportunity to short.

Bitcoin can be shorted between 73,800 and 74,300, with a target near 72,000.
Ethereum can be shorted between 2,040 and 2,070, #24h加密合约清算破4亿美元 with a target near 1,900.
BTC0.31%
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