6.3 Market Analysis

## Bitcoin

1️⃣ Trend status: 73,000 forms a downward continuation. Daily candles continue closing with consecutive bearish bodies. After the breakdown, it enters a downward “vacuum” zone. Around 66,900, there is not yet a sign of stabilization and rebound, and the bears continue increasing their volume.

2️⃣ Support layout

◦ Short-term support: the 65,000-66,000 range. You can try going long in batches; after the bears concentrate their sell pressure and volume, there is still a need for rebound and repair.

◦ Key strong support: the 60,000 level, which is the takeoff point for this round of the rally. If the price dips deeply down to this level, it is a key area to look to build long positions.

◦ Risk control: if 65,000 is effectively broken, the market is very likely to quickly probe lower toward 60,000.

3️⃣ Market rhythm: Within the month, it is difficult to see a one-directional continuous drop. After low-level consolidation, rebounds may occur; only after accumulating selling pressure can it have the potential to again achieve a deep breakdown. Bear market characteristics: rallies take time but drops are fast—within a week, it quickly gives back the earlier gains.

## Ethereum

The key support range is 1,750-1,800. For extreme defense, the historical needle-dip low at 1,738 applies. Before there is an effective breakdown, long positions can be set up; in the short term, it is unlikely to break down all at once.

## Common logic

Most altcoins move in tandem with ETH. After reaching the prior needle-dip low area, there are also short-term support opportunities to go long.