Shorts, shorts— the 66,500 support that had been stubbornly defended was also successfully broken. Big pie has successfully reached around 65,300, and the pullback has already started to gain momentum. Is there anyone else still stubbornly holding on to the short side? From yesterday evening to this morning, Zhuowei has been emphasizing: the pullback breakout point is the key for this phase, and it is also the start of a new round of the trend. For those who have already followed the same line of thinking, get ready for the first-round take-profit with a downside target around 65,000, and Ethereum is syncing up as well.

The morning market trend really has no room to be optimistic— even if Jesus came, he’d still have to shake his head. The good part, though, is the four-hour timeframe: the price has successfully broken down below the Bollinger Band midline, and it has formed a consecutive bearish candles pattern. The bearish pressure has been released, and the MACD double-line dead cross is still continuously expanding. The market’s bearish side remains extremely strong. At this point, we should pay attention to how effective the breakout around 65,000 is during the decline— that will determine the strength of the continuation going forward.

Take first partial profit on BTC around 65,000; target 64,000
Take first partial profit on ETH around 1,900; target 1,850
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