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3.30 Monday Afternoon Bitcoin and Ethereum Latest Ideas and Analysis
In this circle, you don't need to worry about entrenched class barriers because you can experience a cycle in just one day. Time speaks softly; just wait patiently for the flowers to bloom. See you at the top. Looking back at this morning, Bitcoin rose from a low of 6,500 all the way up to a high of 67,800, then retraced to the current level of 67,346. Ethereum followed Bitcoin's trend, rising from a morning low of 1,938 to a midday high of 2,058, then retraced to the current level of 2,045.
From the current market situation, Bitcoin on the 4-hour chart shows a typical bearish structure. Although the price briefly found support around 65,000 and experienced a technical rebound, the rebound was weak, with declining volume, indicating a consolidation pattern during a downtrend rather than a trend reversal. As long as the price cannot effectively hold above 68,000, the rebound remains a shorting opportunity. 65,000 is the short-term critical level for bulls and bears; if it is broken decisively, the downside space will open up completely. Therefore, Lao Lei will continue to adopt a high-short strategy in the afternoon.
Afternoon Trading Strategy
Short around 68,000 for Bitcoin, target 66,000
Short around 2,060 for Ethereum, target 1,950
#BTC能否守住6.5万美元?