The cryptocurrency market is full of opportunities and challenges, requiring wisdom, patience, and a strong mindset. Remember, trading is a marathon, not a sprint. Stay rational, keep learning, and you can survive and succeed in the long run! Today’s market shows that the bears are once again attacking the upward move from early morning. Bitcoin tested support levels again at midday, breaking below, with the lowest point reaching around 66,455. Ethereum experienced a slight rebound, but the bears remained strong, pulling back sharply, with a midday low of around 2,044, a move that covered over 100 points in a single direction.

This afternoon, Old Chen followed the trend and provided an early short setup. As expected, the market moved accordingly. The short position around 68,500 for Bitcoin gained 2,000 points. The short entry around 2,150 for Ethereum hit the take-profit at 2,050, capturing 100 points of profit. Opportunities are flowing continuously, but you need to be brave to seize them. Follow Old Chen’s lead, and together we’ll reach the shores of victory—never let you down.

On the four-hour chart, signs of a bottoming out are already visible after a strong decline. With increased volatility, the rebound space is also expanding. Currently, the price is at a low level and beginning a slow recovery phase, indicating a bottoming and rebound process. Overall, the trend shows a significant pullback by the bears, with structure switching back and forth. Based on the pattern, we are between a rebound and a reversal. There are no markets that only fall or only rise. This strong correction, characterized by high volume, is basically over in the short term. The next step is likely a rebound correction, so consider entering long positions around the rebound, focusing on the recovery of the bulls.

Trading suggestions:
On Thursday midday, consider going long on Bitcoin around 66,200-66,000, with a short-term target of 67,500.

For Ethereum, go long around 2,030-2,000, with a short-term target of 2,150.