4.2 Morning Bitcoin Analysis: Retracement Bottoms Continuously Rising, Focus on Old T's 9:00 Speech

Yesterday afternoon, Bitcoin surged to 69,288 but faced resistance and retraced, the U.S. session dropped to 67,880, then rose back to 69,100 in the early morning, and repeatedly fell below 68,000 at dawn;

Ethereum faced resistance at 2,157 yesterday afternoon, retraced to 2,107 during the U.S. session, then rose again to 2,167, showing stronger resilience than BTC.

Jingwen yesterday afternoon at around 69,200 and near 2,155 reopened short positions, successfully capturing 1,000 points / 40 points, recovering losses from the early morning dip;

Before the U.S. session, the “Yellow Hair Statement” was bullish again: even if the US stock market opens poorly, precious metals gold and silver, BTC, and ETH are unlikely to fall;

The prediction was accurate, suggesting BTC around 67,900 and ETH around 2,112 for long positions, again capturing 1,000 points / 35 points!

Currently, on a smaller timeframe, after a slight pullback around midnight below 68,000, a rebound of varying degrees occurred, with bottoms continuously rising;

Basically, the decline stopped near 68,000, with 67,800 and 67,700 being the hourly lower band and MA60 support levels.

During the daytime, there may be another rebound from this level, especially with Old T’s upcoming speech on Iran issues, expected to follow a “charting” style;

BTC suggestion: go long near 68,000, add long at 67,500, target 69,000

ETH suggestion: go long near 2,130, add long at 2,100, target 2,200#比特币