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Midday Bitcoin and Altcoin Market Analysis BTC: It’s been sideways for a whole day and night, really giving me a shock.
To be honest, I feel the big move is coming in the next one or two days. Why am I leaning bearish? Look, originally there should have been two upward waves reaching 68111 and 67385, but neither was hit, clearly showing the bulls are weakening.
After such a long consolidation, a pullback isn’t unreasonable, right? But note: 65665 must not break. If it does, then look at 64930 or even 63832. If it doesn’t break, it will continue to shake, shaking until you uninstall the software. Want to be more aggressive? Break volume and push above 67020, chase long on the right side, and if it stabilizes, watch for 67915-68623. If it can’t hold above 67020? Then it’s all a fake-out.
There are only two trading strategies: Break above 67020 with volume → go long, set stop loss at 66662; if it drops with volume and can’t rebound → go short, don’t hold the position, recent big players are killing those who don’t admit mistakes. Remember these levels: above 67020 / 67915 / 68623; below 66498 / 65661 / 64930.
ETH: Altcoins are also dithering. Break above 2073 for a rebound, break below to 2018, and if it breaks again, watch for 1961.
Casual side trades: Break above 2059 with volume to chase long (close stop loss), break below 2042 with volume to chase short. Place a buy order at 1962, stop loss at 1936; if it hits the stop, accept it. Around 2124, you can short with a stop at 2160; risk-reward ratio is decent.
If it holds above 2059, look for targets at 2083 and 2124. On the 4-hour chart, if it breaks below 2038, look down to 2008 and 1963. Final advice: the trend is about to be clear, don’t rush to bet, wait for volume. Keep a close eye on Bitcoin at 67020 and 65665, and Altcoins at 2059 and 2042. Whoever leads the volume breakout, follow that move. Don’t fight the market. $BTC $ETH $SOL