Market sentiment is once again validated; the violent surge in the early hours was within expectations. I mentioned yesterday to wait for a pullback to buy in; isn't the trend unfolding as predicted? Friends who followed along are steadily making gains. Bitcoin pulled back to around 63,650 in the early hours, but due to news influences, the bulls surged all the way, strongly breaking through the 65,000 psychological barrier, reaching a high of around 65,650. Ethereum moved in sync with Bitcoin, rising to about 1,731. Market sentiment never lacks entry opportunities; what’s missing is the patience to wait calmly. Follow Old Yang to enter steadily, prevent missing out, and avoid missing the subsequent one-sided market surge. Missing this opportunity would be a regret, wouldn’t it?

From the current technical situation, although the price has surged above 65,000, on a larger cycle, the Bollinger Bands channel is still trending downward, with the price previously staying close to the lower band. The MACD is still in a death cross below the zero line, which indicates that the overall bearish trend remains. Without sustained incremental capital inflows, this volume-less rebound can easily be a short-term correction for bears to exit, or even a trap to lure in buyers. Therefore, the trading strategy should follow the trend: wait for a rally followed by a pullback; encountering resistance during the rebound still presents an opportunity to look for high points.

In the early hours, short positions on Bitcoin at 65,800-66,300, targeting around 64,000.
In the early hours, short positions on Ethereum at 1,740-1,770, #Marvell大涨超11%领涨芯片板块 targeting around 1,650.