The market consensus is in agreement, and adhering to the firm outlook on the support structure at the bottom, we reminded everyone during our early morning daily candle close livestream that support structure is forming around 68,000. The market is showing signs of a second probe upward. Watch for breakout continuation around 69,000 in the upper range looking at the previous consolidation zone. I wonder how many friends managed to follow along? Our livestreams always have replays with no hindsight bias whatsoever.

Bitcoin consolidated within the 67,500 to 69,000 range during the day, but with evening news impact, the price recovered to around 71,000, precisely hitting the key zone we indicated in our early morning analysis. Ethereum moved in sync with Bitcoin, recovering above 2,200 with volume and is now in a phase of consolidation after testing higher. We entered a long position on Bitcoin near 67,800 in the afternoon, and when the rally recovered to 71,000, we exited and locked in 3,000 points of profit. We entered a long on Ethereum near 2,030 and locked in over 100 points of profit.

From the current market perspective, the daily structure shows a shift to positive and recovery of the losses from the previous two days. Bitcoin has again recovered above the 70,000 level, but what's currently driving the market warmth is volume from the news impact. The market still needs to actually stand firm at key support zones for continued volume expansion. Otherwise, the bearish structure remains unchanged. Key resistance above is in the 71,000 to 72,000 range. From the four-hour chart, Bitcoin recovered the recent pullback with a bullish candle. Currently the price has poked up to near the upper Bollinger Band, but overall the price hasn't shown continued volume expansion, leaving room for further pullback. We can continue to follow short positions in the future, watching for a potential second break of the 68,000 support level. If that breaks, watch for support around 66,000.

Bitcoin: short at 70,500-71,000, targeting 68,000 nearby. If broken, continue targeting 66,000. Ethereum: short at 2,150-2,180, targeting 2,000 nearby. $BTC $ETH #加密行情震荡