Reviewing the intraday market sentiment, Bitcoin initially faced resistance near 66,200 in the morning, then the bears started to increase volume, leading to a decline back to around 64,500 where it stabilized and recovered. Currently, the price has returned to around 66,000 for consolidation. We repeatedly emphasized the idea of focusing on rebounds, and the market has arrived as expected. The entry points were clearly indicated. Bitcoin's three long positions and two Ethereum positions have collectively gained over 1,700 points of profit, with two Ethereum positions gaining 57 points. The current long position at 66,400 is still held, waiting for a perfect outcome.



From the current market situation, the daily chart shows ten consecutive doji candles combined with small bullish and bearish candles, indicating intense battle between bulls and bears, but without significant volume increase or solid breakout, typical of a consolidation phase. The Bollinger Bands are narrowing significantly, with the upper and lower bands gradually tightening, indicating decreasing volatility. The current price is close below the middle band, which at 66,500 forms a short-term resistance level. On the four-hour chart, small bullish candles at the bottom are consecutively raising lows, indicating a short-term stabilization and correction, but the bulls have not increased volume to push higher, showing weak momentum. Therefore, the current rebound is seen as a correction, not a reason to chase long positions. Patience is advised until new news emerges; continue to follow the trend and hold long positions accordingly.

In the early morning, short positions are recommended at 66,000-66,500 for Bitcoin, targeting around 64,500.
In the early morning, short positions are recommended at 1,800-1,830 #Gate现货交易量增幅全球第一 for Ethereum, targeting around 1,700.
BTC-2.09%
ETH-2.37%
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