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After the midnight price check hit the low near 61,800, it rebounded to around 62,500 and has stabilized there, repairing. Ethereum’s price action is moving in line with Bitcoin. The early-morning price range wasn’t very large; the order book was kept moving sideways all along, and even the “smart money” positioning by the real order book took profit and exited.
Judging from the current order book, on the daily chart level, Bitcoin’s longer-term trend has already turned bearish. The price is firmly suppressed below all short-term moving averages. The 64,500–65,000 range overhead has formed a key resistance zone. Bitcoin can only change the current bearish bias by reclaiming that area. On the one-hour timeframe, although there was a rebound in the morning, the strength was extremely weak. The MACD has formed a golden cross, but trading volume has not been able to catch up in time, failing to coordinate with the bulls’ attack intent. This is currently a classic weak rebound, so the trading plan should focus on selling rallies at the higher end of the rebound.
In the afternoon, Bitcoin can be shorted in the 62,500–63,000 range, with a target near 61,000.
In the afternoon, Ethereum can be shorted in the 1,790–1,820 range, with a target near 1,700.#特朗普呼吁尽快通过Clarity法案 $BTC $ETH