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The late emperor’s founding of the enterprise was not yet halfway before it collapsed and he died on the way. Lately, the market trend continuing has truly been disappointing. Earlier, we advised shorting around 64,000; for now, the price action is giving a rebound and breaking through. After breaking the suppression from the morning high near 64,100, the current highest is now around 64,400. At this stage, the market is mainly continuing with probing moves. Lately, the market has been confusing, and the trend-following strength isn’t strong—everything feels like it sputters out midway. What’s missing is one round of a big-volume piece of news to stimulate the market. Coincidentally, such an opportunity is coming on Thursday midnight. The Federal Reserve interest rate decision to be released in the early morning is the biggest catalyst. Right now, the coin price is seeing a small rebound; friends who haven’t gotten in yet, get in quickly. Your shorts below, adjust them for this next round accordingly.
If it doesn’t break, it can’t establish—stare closely at the upper suppression level. Looking at the 4-hour timeframe: after the market has been tugging and pulling for a period at the base, it then gives a round of strong extension. At this stage, it mainly tests the middle rail suppression area. Once the extension reaches and touches the middle rail, it doesn’t continue—rebound is clearly blocked. The hourly timeframe is the same: once the market extends to the vicinity of the upper rail, selling pressure starts to build. Combined with the phase around 64,400 when it pulls back and breaks down, there is some volume/energy for a bottom-to-top turning and conversion. So at this stage, the high-pressure positioning is our time to short. Be sure to hold defense at this stage and watch whether there’s any sign of stabilization. The downside targets to watch going forward remain unchanged.
Big cake downside target 63000; breakout to watch 62500
ETH downside target 1880; breakout to watch 1850#USD1持币生息最高8% $BTC