The market is never set in stone, but it also isn’t without logic to follow. Just like this round of pressure-led pullback is the most vivid snapshot of the market’s operating pattern. The 67,000-level suppression effect that we’ve been emphasizing has been consistently there; the high-level 66–67 range volatility and the positioning approach have also been repeatedly stressed. And what about Thursday’s breakdown below 65,5xx, and today’s breakdown below 640? Didn’t we already talk enough about the thinking during the process? Today’s price also rose strongly—step by step down south, the lowest retracement for BTC was around 63,600. ETH followed in sync, moving to the 1,846 area. sndk also retreated as expected to around 1,432. A whole-board big bearish dump—if you followed the plan, wouldn’t you get to enjoy it all?

As the weekend nears, market action has been temporarily paused. On the daily timeframe, the market sees a continuous streak of strong down moves, with price pressing down from the high and breaking through the mid-band. Of course, after the short-term breakdown, there was a brief pullback and rebound, which proves that the continuation of the short-term selloff has been blocked—this is also a completely normal chart structure. With weekend market momentum leaning weak, the primary focus is repair and consolidation. Therefore, for the next phase of positioning, Zhuowei advises everyone to trade short term and wait for the weekend stage’s market repair to finish. The main idea is still to continue following the trend—go short and ride the momentum.

BTC short near 64,500 target 63,000
ETH short near 1,875 target 1,830
#直通IPO第二期JerseyMikes $BTC ‌$ETH ‌