Yesterday’s BTC ride was really a roller-coaster—turning people inside out! Starting from early yesterday morning, it first surged upward and poked around 65,700. After hitting the top, sell orders piled up and slammed the market; the price simply couldn’t hold under the pressure and turned down. The downtrend continued step by step, probing lower until the low hit 64,370. This level also marked the starting point for the morning acceleration. After the dip reached the bottom, funds moved in to take over, and the market gradually warmed up and rebounded. By the close, it stabilized and settled around 64,900.
For the current market, the行情 keeps oscillating back and forth, repeatedly tugging at traders; Lin Tao suggests that going forward, operations should still focus on short-term trades. Everything should be done with measure—advance and retreat with reason, don’t cross the line, and you’ll be able to go steadily.
In the day session, Lin Tao suggests going long around 64,500, but the market wasn’t very cooperative and never gave us a truly good entry point. It wasn’t until the evening when the price pulled back to around 64,500 that the opportunity finally appeared. The chance was basically delivered right in front of us—so we went long around 65,400. For friends who followed Lin Tao’s thinking, continue holding for the upside. The first target is 66,000, then watch for a breakout.
At the moment, the chart has shown a rebound and repair. In the evening, BTC tried to probe down toward the 64,500 support level; after several dips, it still failed to break down effectively. The shorts’ attempts to break down from the downside have failed across the board. This pullback is only a shakeout and accumulation of power during an up move—by no means does it indicate a weakening trend.
From the four-hour cycle, after the price corrected, it firmly held the mid-band key support. Each time it dipped lower, buyers stepped in to absorb. The lower “base” support is very solid. The rebound being blocked at those levels actually confirms that the bulls’ defense is firm. Short-selling sell pressure has already exhausted, and the downside room has been completely locked. Next, stick to building longs from the support area with conviction. The key is to closely monitor whether 64,500 support holds. As long as support isn’t broken, a new round of upside rally can start at any time.
BTC around 64,500 target 67,000
ETH around 1930 target 2000#直通IPO第二期JerseyMikes $BTC $ETH