Thursday Morning Bitcoin/Altcoin Strategy

Federal Reserve's 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 overselling, the rebound is a technical bounce after a decline, not a reversal of the bull 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 would 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, if not broken, go short directly, with the first target at 64,300, then look for a break below 63,800 to 61,500. The daily chart shows a bearish dominance, and higher rebounds offer better risk-reward for short positions.

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 longs and open shorts, with the first target at 1742, and if broken, look for 1724-1650.