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Early trading, the price probed the bottom and oscillated around 68000, then pulled back to around 67500 where it found support. Subsequently, the market rallied with oscillations, currently pulling back under pressure after recovering to around 68500, and the price has dropped back to around 68000 for consolidation. On Ethereum, it moved in sync with BTC, retreated to around 2035 where it found support, and recovered to around 2070 under pressure. During the morning session, we opened long positions on the spot market. BTC entered around 67600, and the market recovered to around 68400 where we took profits, capturing 800 points of gains. Ethereum similarly captured 25 points.
From the daily chart perspective, BTC has transitioned from consecutive bearish days into a daily stage consolidation during Asian hours. The price has continuously probed from the upper band and consolidated around the middle band, with an intent to continue and test the lower band. However, the pullback appears to be in a stage decline, with the price currently in an organizing stage within a weak regional structure. Upper short positions can be maintained, but at current levels it's not worthwhile to chase shorts aggressively. The 4-hour cycle currently continues to probe toward the bottom, with the market showing signs of support at a second retest around 67000. There will be some short-term rebound, but on the short-term upside we still need to monitor whether 69000 forms a top-to-bottom reversal and creates a second resistance structure. Currently on the short-term, we can still attempt long positions, with attention on resistance near 69000.
BTC can enter longs at 67500-68000, targeting 69000, with substantive breaks to focus on above 70000. Ethereum can enter longs at 2020-2050, targeting the 2080-2100 zone. #加密行情震荡 $BTC $ETH