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4.3 Morning Thoughts on the Market
From the current market situation, both Bitcoin and Ethereum are still in a weak consolidation after a failed rebound.
BTC is currently around 66,462, with an intraday high of 67,373 and a low of 65,780; ETH is around 2,046.58, with an intraday high of 2,089.55 and a low of 2,018.59. Looking at this rhythm, both are experiencing upward pushes followed by downward pressure, indicating selling pressure above and that the market is still temporarily bearish.
On the four-hour chart, it now looks more like a correction after a decline rather than a strong reversal.
As long as the key resistance above is not firmly regained, the rebound is likely to still present opportunities for shorts, especially in a market where the highs are moving lower and the rebound lacks sustainability. The intraday strategy remains to prioritize short positions for more stability.
Personal suggestions:
Bitcoin: Short between 66,800—67,300, target 65,800, and if broken, look for 64,500.
Ethereum: Short between 2,060—2,090, target 2,020, and if broken, look for 1,980.
In one sentence: It’s not that you can’t go long now, but long positions should only be seen as rebounds; shorts are the trend-following strategy.
As long as BTC doesn’t hold above 67,300 and ETH doesn’t stabilize above 2,090, the intraday outlook remains to maintain a rebound and shorting mindset.