Currently, from the daily chart perspective, the BTC price has broken through the 66000 level and continued to probe down to the 64500 level, with support below at 64000-63800 and resistance forming at 66000-66500. The ETH support at the 3500 level has been broken, with current resistance at 3480-3500 and support still at the 3350 level. On the 4-hour chart, the BTC resistance is at 66000, support at 64000, while the ETH resistance is at 3450-3500 and support at 3350.
As mentioned earlier, BTC repeatedly tested the upper resistance at 67000-67500 before falling back, with support at 65000 for a rebound. In the short term, a wide range of oscillation with upper pressure and lower support has formed. As previously analyzed, the current upper pressure at 67300-67500 is crucial. If it breaks through on a rebound, this round of correction will end, and the price will rise again to above 70000. If it falls under pressure, it is expected that the 60000 level will come again. Similarly, for ETH, the upper pressure is at 3650, with support at 3350. If the resistance is successfully tested, the price will fall back to the 3350 level, and if it breaks through, it will rise again to the 3900-4000 level.
The continuous layout of short positions near the pressure levels in recent days accurately predicted the targets for BTC at 65000-64000 and for ETH at 3450-3400. Short positions should be closed again, and it is expected that the market will continue to move downward. Therefore, the focus will continue to be on short positions.
Evening operation strategy: The bearish trend has not yet been completed, and high-level short positions can continue to be held. The current market can continue to be shorted on rallies!
Short BTC at 65800-66300, with a target of 64500-64000 and a stop loss above 66800.
Short ETH at 3450-3480, with a target of 3400-3350 and a stop loss above 3500.
The strategy is time-sensitive, and specific real-time guidance is the main focus!
Professional team's top analyst Ruoyu focuses on contract trading guidance. Follow the WeChat public account "币圈若渝" to stay updated on real-time market analysis and operational strategies!
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