The overall market is still in an upward trend structure. The price has firmly held above the middle line of the Bollinger Bands, and this big upward structure hasn’t completely turned bad.



Earlier, when it surged to the high 65,250, it couldn’t move up further. The KDJ indicator is in the overbought zone; put simply, the long side’s momentum is overextended, and it needs to consolidate and absorb selling pressure through range-bound trading.

Open interest continues to rise, with a large divergence between bulls and bears. There are many sell orders stacked above, making it difficult to break the previous high in one go.

Yan Ze evening compass

BTC: Go short in the 65,000-65,400 range, looking near 63,800

ETH: Go short in the 1,900-1,920 range, looking near 1,860#BTC反弹触及65000美元 $BTC $ETH
BTC-0.81%
ETH-0.01%
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