It's another all-day tip to watch the market, and another day full of gains. Indeed, as long as you keep holding, you'll stay happy. Today, the three major coins collectively gained 3,026 points in Bitcoin, with Ethereum gaining 159 points in space. This is the charm of following the trend. Looking back at the intraday market, Bitcoin initially declined to the support level of 65,426, then the bulls' momentum slightly warmed up, rebounding to around 67,000 and fluctuating. In the early morning, the bears launched a fierce counterattack, causing a drop again, with Ethereum moving in sync with Bitcoin. There are no endless declines without a rise, and no bull market without deep corrections. Every deep retracement lays a solid foundation for future gains, so there's no need to rush. Stay calm and wait patiently for the flowers to bloom.

From the current market situation, Bitcoin's daily chart shows a typical bearish arrangement, with the price significantly deviating from the middle band of the Bollinger Bands, running close to the lower band. This indicates that the medium-term trend is still dominated by bears. On the hourly level, the short-term cycle has already shown initial signs of stabilization. The MACD has formed a golden cross, and the RSI has turned upward from a low point, indicating that short-term bottom-fishing behavior has begun to test the waters. However, due to multiple resistance levels of moving averages above, the rebound space is limited. Until the price effectively breaks above 67,000 with increased volume and stabilizes, any upward correction can only be seen as a technical rebound within a downtrend.
Midnight short positions on Bitcoin at 66,500-67,000, target around 65,000
Midnight short positions on Ethereum at 1,850-1,880, target around 1,750
#BTC触底66000 $BTC