Afternoon market gives a phased correction, with the overall correction retracement. Bitcoin (BTC) retraced to around 68,800 and stabilized, recovering from the dip. The price experienced a slight rebound, and after consolidating around 69,000, the bulls surged with increased volume. In the evening, Bitcoin briefly recovered to around 70,200 but faced resistance and pulled back. Currently, it remains around 69,600 in consolidation. As for Ethereum, it dipped to around 2,120 in the afternoon and rebounded sharply. In the evening, along with Bitcoin's rise, it briefly recovered to around 2,170 but faced resistance.

In the early session, short positions were set up for quick gains. Bitcoin's second rebound to around 69,800 prompted short entries, which are still held.

Looking at the four-hour chart, the price surged and closed with a long upper shadow, temporarily recovering to the previous upward channel. However, the shape of the upper shadow suggests a potential liquidation of leverage. The market has again entered a correction phase, and as the US market opens, indicators show an oversold condition, leaving room for further downward adjustment. The evening session is crucial for executing strategies. The upward channel cannot be further stabilized and remains a bearish pattern. Continue to maintain a bearish outlook in trading.

Currently, Bitcoin's key support is whether it can hold above 69,800; otherwise, the trend remains bearish with room for further retracement, with support levels at 68,800-67,500. For Ethereum, if it cannot hold above 2,170, it remains bearish, with downside targets at 2,120-2,080. #假期持币指南 $BTC $ETH