The market has never lacked opportunities; what’s lacking are people who know how to seize them. If you still don’t take the chance to come in and eat the meat during this market rally, I really have nothing to say. Up to now, the four major Bitcoin and Ethereum positions that Old Yang has set up have gained a total of 4,224 points, with Ethereum gaining 247 points of space. This market rally is really easy to trade. These days, I’ve been saying to wait for a rebound before blindly going long. If you haven’t entered the market yet, I can only say that missing this cycle would be a real regret. The students following my guidance have basically doubled their positions in the past few days. Looking back at the daytime market, after Bitcoin bottomed out, it slightly rebounded to around 64,000 but faced resistance, then during the midday, it oscillated and the bears continued to increase volume, steadily declining to around 61,126. Later in the evening, Bitcoin made a second rebound to 63,000, but in the early morning, the bears aggressively pushed down, directly breaking below the 60,000 level, finding support around 59,786. Ethereum was even weaker, breaking through multiple levels, falling below the 1,600 mark, with bears gaining strength again, and in the early morning, it dropped to around 1,546, with a daily range of nearly 2,000 points.

Currently, from the market perspective, Bitcoin is in a deep correction phase. The price has broken below all short-term moving averages, showing a typical bearish alignment. The resistance at 67,000 has formed strong pressure, and short-term selling pressure has increased significantly. The daily and four-hour Bollinger Bands are clearly opening downward, with the price running close to the lower band, indicating that the downward trend in the larger cycle has not changed. Any rebounds during this period should be viewed as a continuation of the decline.

Bitcoin has now lost the critical support at 60,000, with the next target directly at 58,500 or even deeper into the 55,000 range.

Tonight, short positions are recommended in the 59,800-60,300 range for Bitcoin, with a target around 58,000.
Tonight, short positions are recommended in the 1,580-1,610 range for Ethereum, with #比特币ETF单日净流出7272枚 a target around 1,450.