Reviewing the intraday market sentiment, yesterday early morning Bitcoin surged to around 65,622 but faced resistance at high levels, then bears started to increase volume, breaking down throughout the day, with the lowest touching around 61,938. Currently, the price is stabilizing around 62,500. Ethereum moved in sync with Bitcoin, dipping to a low support at 1,633 in the afternoon, then rebounding and fluctuating around 1,660. Today, Lao Yang’s main trading idea perfectly caught the trend, with a comfortable rhythm, gaining 2,558 points in Bitcoin space and 124 points in Ethereum space. The market is never short of opportunities, only lacking a stable mindset. Both rises and falls are part of cultivation; gains and losses follow their cycles. Control your emotions and move forward steadily.

From the current market perspective, Bitcoin’s weekly chart shows consecutive long upper shadow bearish candles, each surge encountering heavy selling pressure, with highs gradually decreasing, forming a classic downward channel pattern. The daily MACD remains in a bearish crossover, with the green bars shrinking slightly in volume. Although bearish momentum is weakening, there is no confirmed golden cross signal, indicating that the bulls can only support a slight rebound and cannot reverse the daily bearish trend. Therefore, the trading strategy remains focused on rebounds as the main opportunity.

Midnight short position on Bitcoin at 62,800-63,300, target around 61,000
Midnight short position on Ethereum at 1,680-1,710, target around 1,550
#TradFiCFD黄金大师赛 $BTC ‌$ETH ‌