Today's Market Analysis: Is it a normal pullback or the start of a new violent decline?

After a day and night, my family member has completed surgery. I am caring for them and took a moment to briefly check the market. No matter how tough or exhausting, I can't forget my brothers!

Since noon on the 18th, the market has been falling continuously until midnight on the 20th. BTC plummeted by $5,500, ETH by $200; currently, the market is experiencing a slight rebound. BTC is consolidating around the 70,600 level within the support zone near 70,825, and ETH is consolidating around 2,150.

The breakdown has not been complete. At this moment, the daily K-line and 8-hour levels are experiencing normal pullbacks, at a critical point between bulls and bears, and there has been no full breakdown at the daily K-line level.

The 1-hour, 2-hour, and 4-hour levels are currently showing strong bearish momentum, stemming from intensified local conflicts and the Federal Reserve holding steady without cutting rates. The escalation of conflicts is causing a crisis in global supply chains. Global capital is shifting from expansion to contraction—these are all concerns!

No matter how the market moves, we must stay optimistic. Only then can we find opportunities within crises!

For BTC: Pay attention to the key support levels at 69,645 / 67,500 / 64,000. Each time these levels are touched, there are opportunities to act. You can control your position size and take advantage. The critical resistance is at 70,825. Watch whether the market closes above this level after 8:00 tomorrow morning. If it closes below, treat it as oscillation and a test of the bottom first.

For ETH: Focus on 2,060 / 1,945 / 1,830. Starting from the second level, you can enter spot positions in batches without worry. For futures, refer to the three BTC levels mentioned above. Wait for signals, control your position size, and act when the opportunity arises!

There’s nothing to fear in this market. As long as you control your position size, the market will have ups and downs. When the rhythm is right, isn’t that the most profitable moment?

When there’s no volatility, hope for volatility; when there’s volatility, hope for stability. Don’t be contradictory—control your positions and act when opportunities come!

Manage your position size. Small trades now are the perfect time to practice and test your ability to find buy and sell points. Growth happens right here. Stay patient and wait for my return!

#Gate13周年全球庆典 $BTC $ETH