Thursday Morning Bitcoin/Altcoin Strategy


Federal Reserve debut, Wosh's overall speech leaning hawkish, sharp decline followed by a slight rebound at low levels, Ethereum shows more volatility; after short-term oversold conditions, a corrective rebound occurs, but the overall trend remains bearish, MACD green bars shorten, indicating a short-term correction after oversold conditions, the rebound is a technical bounce after a decline, not a reversal of the bullish trend.

First support: 64,380, the intra-day low rebound center, a break below invalidates the rebound
Strong support: 638, the key bottom of this round of decline, an effective break below will open a new downward space

First resistance: 651
Second resistance: 659
Intraday strong resistance: 663

Trading Suggestions
Bitcoin rebounds to 648-655 and faces resistance, do not break it to go short directly, target first at 64,380, then look for a break below 638-615, the daily chart shows a bearish dominance, and high-probability short entries are better on rebounds.

Altcoin short-term support: 1741
Strong support: 1724, once broken, the rebound ends, and the weakness resumes

First resistance: 1767
Second resistance: 1792
Intraday strong resistance: 1809

Trading Suggestions
Rebound to 1765-1790 and face resistance, delay the rally and go short, first target at 1742, if broken, look for 1724-1650
BTC-0.66%
ETH0.27%
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PrincessQingyue
· 10h ago
**First support:** 64,380 — rebounding within the intra-day low rebound consolidation center; if it breaks below, the rebound fails.
**Strong support:** 638 — the key bottom of this round of decline; an effective break will open up a new wave of downside space.

**First resistance:** 651
**Second resistance:** 659
**Intra-day strong resistance:** 663

**Trading suggestions**
For Bitcoin, if it rebounds to 648-655 and continues to face pressure without breaking, go short directly. The first target is at the 643 level; once 643 breaks, look at 638-615. On the daily timeframe, bearish control is dominant—rebounding at higher levels offers better risk-reward for shorting.

**Ethereum short-term support:** 1741
**Strong support:** 1724 — once it breaks, the rebound ends and weakness returns.

**First resistance:** 1767
**Second resistance:** 1792
**Intra-day strong resistance:** 1809

**Trading suggestions**
Rebound to 1765-1790, face resistance and stall to set up a short. First target: 1742. If it breaks, then look at 1724-1650.
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