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Bitcoin surged to 67,300 yesterday and faced resistance before pulling back as expected, then entered a phase of correction in the early morning, with the lowest point around 66,100 to halt the decline. This pattern is a standard bullish correction rhythm—after a strong rise, it needs to adjust; as long as the structure isn't broken, don't mistake the correction for a reversal. Ethereum surged sharply yesterday, so its pullback was naturally more intense, currently retracing nearly 60 points, consolidating around 1,790, but the overall upward structure remains intact, with further upward testing expected.
On the daily chart, after yesterday's large bullish candle, the latter half's real body significantly narrowed, leaving a long upper shadow, indicating that the move above 67,000 was a false breakout, without actual stabilization. On the hourly chart, the 67,250 level has formed a short-term resistance, which is a residual effect of the recent rapid rally with an overly steep slope, requiring time for the market to digest. Although the price temporarily dipped below 67,000 after the false breakout, there was no collapse or sharp decline, and volume and price action remained controlled. This is just a healthy correction, not a sign of an imminent crash. The market is still breathing normally; patience is needed for stabilization, and opportunities to go long will continue to appear.
Bitcoin can be bought around 66,000, targeting near 67,500. Ethereum can be bought around 1,760-1,780, aiming for 1,830. Exclusive $BTC $ETH
On the daily timeframe: after yesterday’s large bullish candle, the latter half of the real body is clearly narrower, leaving a long upper shadow above. This indicates that the move above 67,000 was a “false breakout” with no real hold. On the hourly timeframe, the 67,250 area has formed short-term suppression; this is the aftereffect of the recent consecutive sharp rally becoming too steep, and the market needs time to digest. After the false breakout above 67,000, the market continued to pull back, but there was no collapse-style selloff, and volume and price action have not spiraled out of control. This is just a benign correction, not a sign of an impending avalanche. The market is still breathing normally—wait patiently for stabilization, and then continue to look for long opportunities.
Bitcoin can be bought around 66,000, targeting around 67,500. Ethereum can be bought around 1,760-1,780, targeting 1,830. Exclusive $BTC $ETH