There’s really nothing too exciting in the recent market’s late-night session—it's mainly range-bound trading, with no trend-driven developments whatsoever. Just like tonight’s late-night price action: it first looked like it might push up, testing around 66,300, then later in the night it dropped again to around 65,600. In the morning, the market once again continued the range-bound pattern, rebounding toward the upper end of the range. What follows is the testing effect of resistance near the range high.

For this kind of market structure right now, Zhuowei has repeatedly reminded everyone: stay坚定 in your approach—don’t treat it as “whale/pool operator” washout chips. If you can hold your positions, your luck won’t be too bad.

Opportunities are often hidden in the candlesticks. On the daily timeframe: after a modest rebound, price broke above the upper Bollinger Band, then faced pressure and fell back. The rebound couldn’t be sustained and was clearly limited. The bulls’ rebound lacked strength, while the bears’ momentum gradually warmed back up. The MACD technical indicator’s dual lines began to face pressure and fall, further proving that the bearish follow-through remains strong.

On the hourly timeframe, during the ongoing selloff with sustained increasing volume, the prior sideways range-bound consolidation turned the moving-average channels into a closed configuration. Then there was continued tugging and testing—its purpose is to break down this range-bound structure and push the market into a more trend-driven move. Going forward, we should still focus on catching pullbacks.

BTC short from 66,100-66,600 Target 65,000 Breakthrough target to watch 54,009
ETH short from 1,935-1,950 Target 1,880 Breakthrough to watch 1,800
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