A perfect day has come to an end. Today, the real market saw two short positions and one long position. Although the space points were not ideal, the result was ultimately good. Bitcoin took a total of 1,553 points of space, and Ethereum took 108 points of space. Not impatient, not greedy, not fearful; in the ups and downs of the market, stability is key to long-term survival. Looking back at today's intraday market, Bitcoin continued its bullish momentum in the morning, with a large bullish candle breaking through the 61,000 mark. During the day, the price mainly fluctuated repeatedly in the 59,500-61,500 range. In the evening, due to positive news, the price broke through the previous high again, reaching a high of around 62,200. The current price has pulled back to around 61,300 for consolidation. Ethereum's trend is in sync with Bitcoin, reaching a new recent high of 1,725 in the evening.



From the current chart perspective, Bitcoin's weekly chart shows multiple bearish engulfing candles in a row, and the rebound lacks substantial bullish candle volume. Currently, it is still a consolidation within a downtrend continuation, and it is not recommended to enter long-term long positions. The MACD double lines are firmly below the zero line. Although the green bars have slightly shrunk in volume, no golden cross has formed, indicating that the downward momentum is only temporarily exhausted, not a counterattack by the bulls. The medium-term bearish dominant pattern remains unchanged. On the daily level, alternating bullish and bearish doji candles are dense, showing fierce battling between bulls and bears, but the real body of the bullish rebound lacks volume, indicating that this is a typical weak consolidation.

Midnight: Bitcoin short between 61,700-62,200, target near 60,000.
Midnight: Ethereum short between 1,700-1,730, target near 1,600.
#Circle股价重挫17% $BTC $ETH
BTC0.46%
ETH0.39%
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