BTC evening market commentary



After BTC surged to a 66,924 high point, it met resistance and pulled back. At this stage, the market has entered a high-level consolidation and correction phase. Price is running along the Bollinger middle band; the pace of upside has slowed, and in the short term, longs and shorts are moving into a tug-of-war phase.
Near-term resistance is at the 65,800—66,750 range, while support below is around 64,894. Upside momentum at high levels is weakening. Don’t chase longs for now; on rebounds that meet resistance, consider a small-position short to play the pullback. If the decline finds support and stabilizes, then consider taking a low long for continuation.
The market is oscillating repeatedly, with frequent wick spikes on the short term. When entering, be sure to strictly control position size and set stop-losses, and wait for a breakout of the range before following through to decide the next direction.

Trading suggestions

BTC: rebound at 66,000-66,500 zone; watch 65,000 for targets, and if it breaks through, look for 64,500
ETH: 1940-1980 zone; target 1880; if it breaks through, look for 1830#BTC #ETH
BTC-0.34%
ETH-1.80%
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