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Market sentiment can consolidate sideways, but understanding cannot stagnate. While others are still anxious about short-term fluctuations, you are already planning for the future. Learning to listen to its rhythm is the only way to dance out the most beautiful waltz. In the morning, Bitcoin tested the high near 63,832 and faced resistance, then retreated to the low around 62,381. Currently, it stabilizes around 62,800, with Ethereum moving in tandem with Bitcoin but showing relative weakness. If it cannot recover 1,680, it will continue to test the support at 1,600. Early morning, Old Yang’s high-level strategic layout was validated again; Bitcoin successfully gained 710 points of space, following the steps steadily and eating the gains confidently.
From the current market perspective, the long-term bearish trend is still ongoing, with short-term volatility leaning weak. Bitcoin’s key resistance is at 63,000, and support at 62,000, with a focus on the breakout direction. After seven consecutive days of decline on the daily chart, Bitcoin closed with a small bullish doji. Although a sign of stabilization has appeared, a reversal cannot yet be confirmed. The four-hour chart shows small swings with slight upward movement in the center of gravity, forming a consolidation range between 62,300 and 63,200, with Bollinger Bands narrowing and flattening. The one-hour trend is clearer: price has fallen back into the middle of the range, volume has shrunk, bulls are losing strength, and bears are making a slight comeback. Therefore, the trading strategy remains focused on high-level strategic layout.
In the afternoon, short Bitcoin between 63,000 and 63,500, targeting around 61,500.
In the afternoon, short Ethereum between 1,680 and 1,710, #Strategy低位加仓1550枚BTC targeting around 1,600.