Friday Night Analysis of Bitcoin / Ethereum

The Federal Reserve's hawkish stance and a pullback in the US stock market, combined with profit-taking, caused Bitcoin to plunge sharply below the key support level of 64,000, with a low around 59,800. Technically, the 7/30 moving average has formed a death cross downward, exerting continuous pressure on the price. The intraday rebound from the lows is merely a weak correction after a sharp decline. The candlestick pattern shows long bearish candles and short bullish candles, clearly indicating a bearish trend. The bearish momentum has not yet been fully released. Future operations should confidently look to short on rallies.

The market has entered a panic selling phase, with no bottom in sight. This year's core profit opportunities focus on bottom-fishing: when Bitcoin drops into the five-figure range, consider half-position in potential coins; if it falls into the four-figure range, decisively bottom-fish and patiently hold until the bull market starts.

Bitcoin: Short in the 66,100-67,000 range, target 62,800-62,000, with a break below aiming for 60,000.
Ethereum: Short in the 1,930-1,980 range, target 1,830-1,730.