Evening Thoughts

From the hourly chart, it forms a double top with the previous high. This is a very clear short-term correction signal. Currently, the market is still fluctuating between 63,100 and 62,000. The resistance level at 63,100 is still very difficult to break through. The first line of support below is around 62,200. If this level is not held, it will directly test the previous low at 61,870. If the previous low is also broken, the market may further decline to the 61,000-60,700 range. For the bulls to break the current deadlock, they must meet an extremely strict condition: not only need to volume-break through 63,100, but also firmly stand above 63,200. Only then can the rebound continue, with targets looking toward 63,700-64,200. But at present, the difficulty is very high. The overall current approach is to follow the trend, mainly shorting at high levels.
Trading Suggestions:
Bitcoin around 63,300, target near 62,000
Altcoin around 1,700, target near 1,630$BTC $ETH #以太坊基金会重组降本