DaydreamWeaver

The current price of the “Big Cake” has reached the important 65,000 level. If it can’t hold and continues to fall, then look at the support level at 63,800.

Yesterday’s order went through, and it still ran in a relatively timely way without getting trapped. The second coin itself is moving a bit faster than the big one. Right now, it has already reached the heavy open-order area.
There’s a major bullish/bearish split on the higher timeframes. This position is relatively high and it’s still in a strong pressure zone—clearly it can’t keep chasing the upside. If you want to chase, you can wait for the pullback.
As for the big coin, it’s around 65,000. You can short with a small position size for this pullback. This pullback may drop to 63,500; af

Market Today
There is a fundamental-news impact on the market, but as mentioned in previous meetings, there has been talk about interest rate hikes, though no actual action has been taken yet. However, a decision will be made in this meeting or the next one.
For Big Cake, current pressure is at 63,500. This level is a strong resistance; only if it breaks out and stabilizes can there be room for upside. The top of the range is at 64,800. Judging from the four-hour chart and the naked K-line view, the bias is bearish. More aggressive traders can consider shorting around 62,800–63,000, target

ETH
During the livestream this morning, a short order was entered at 1620, take profit at 1596, stop loss at 1640.
For BTC, a short around 60600, take profit at 59400, stop loss at 61300.
All have reached our target positions.
Personally, the resistance at 60800 for BTC is quite strong. In the early morning, ETH soared but BTC didn't break through; the daily high is still declining, continuing a downward trend. The 4-hour MACD is also shrinking with the price drop.
Currently, the support level is at 58400. If it breaks this week, it will continue to make new lows$BTC ‌

Bitcoin Friday market volatility is overall not big; the fluctuation range is small. It may be because it’s the weekend, and there’s sideways consolidation at night. 1580 to 1600 is itself a resistance level—if it breaks and holds, it can move upward and rebound$ETH ‌

ETH Today's Analysis
Due to the US stock market opening last night, ETH dipped to as low as 1551 within a few hours, and BTC broke through a new low directly. Although today's double bottom formation occurred, don't think it's a reversal signal. I personally believe the rebound is weak and its sustainability is questionable. Looking at the daily chart on a larger scale, it's a giant head and shoulders top pattern, which may lead to a third bottom test and a breakdown decline. Therefore, the risk of bottom-fishing is currently high. For short-term intraday operations, the recommendation is main

Today, Er Bing is mainly ranging sideways, so it’s not recommended to trade. After yesterday’s sharp drop, the price has already broken through the range area—wait for a higher level, then look for an opportunity to enter a short.