BTC broke below the key support at 705, which is also the previous breakout point, and there are no signs of stabilization or a trend reversal in the market yet. The first target below is around 665, which coincides with the head and shoulders top pattern's 1:1 expected decline. The trading strategy remains biased towards a bearish trend, with short-term longs only taken with small positions to opportunistically bet on rebounds. Previously, the 780 short and the 740 added short positions can be gradually reduced to lock in some profits, while the core position continues to hold in anticipation of further downside.

At the monthly chart level, the price previously faced resistance at the EMA20 moving average. The long-term short logic remains unchanged, but the probability of oscillations and fluctuations in the subsequent market is relatively high, making the trend more complex. Personally, I will continue to hold my positions until breaking below 60,000, expecting a larger rebound to occur within the 550-570 range.

By the way, let's talk about ETH. Previously, I mentioned that Ethereum's cyclical trend is stronger than BTC. From the chart, a head and shoulders top pattern has formed, which can be targeted around the neckline at 1850. Currently, the exchange rate is just a short-term slight breakout, not a trend reversal. The original short positions can be held with confidence; if the position is unstable and you can't hold on, you can reduce your holdings to hedge risk, and add back positions after the rebound.

Missing out, selling prematurely, rushing to buy high and falling back, being caught in a trap, heavy holding and risking everything, suffering losses and holding on stubbornly, frequent small losses eroding capital, emotional trading—these are the seven major obstacles preventing most retail traders from achieving stable profits. Wishing every friend success in finding their own trading style. $BTC $ETH #分享美股交易赢英伟达股票