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In the early morning yesterday, Bitcoin continued to decline, reaching a low of 59060 and touching the previous low. Yufeng decisively gave a current price near 59200 to look for a rebound and repair, with the short-term target of 60500 successfully reached.
The current price has stretched to around 61800, which is not a trend reversal but more of a repair and consolidation. After the early morning decline, the market is expected to fluctuate up and down for a while, waiting for the next round of signals to enter for a clear direction. Therefore, in the afternoon, the main strategy is to go short on rebounds, supplemented by going long near support levels.
Bitcoin: Short near 61800-62300, target 60800-59800. If it breaks below, continue to look lower; otherwise, go long.
Ethereum: Short near 1650-1680, target 1600-1560. If it breaks below, continue to look lower; otherwise, go long.$BTC $ETH #