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First published on Weibo, you can follow Weibo Blockchain Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum experienced wide fluctuations again in the evening, especially Bitcoin, which once rose to around 67,950, then quickly fell to 64,800 before starting to rebound, with a fluctuation space exceeding 3,000 points. Currently, the market's rapid decline has broken the upward trend channel, and there will be further downward space. However, due to the large short-term decline, it is advisable to wait for a rebound and repair before entering the market. On the daily chart, after Bitcoin's upward spike, it is now starting to form a long upper shadow bearish candle. If it cannot effectively break through the 66,000 mark again, the market will begin to weaken.

On the four-hour chart, Ethereum weakened first, closing several bearish candles before again spiking upward and forming a long upper shadow bearish candle. There is still further downward space, but from the daily moving average indicators, the 7-day, 10-day, and 30-day MA moving averages are starting to converge, forming certain support at the 2,480 to 2,500 and 63,000 levels. As long as this position is not broken, it can drop to this level to look for a rebound. If it breaks down, the market will continue to move in a downward channel.

In the evening operations, continue to enter short positions for Bitcoin around 65,700 to 66,000, targeting around 64,300; for Ethereum, enter short positions around 2,570 to 2,590, targeting around 2,500. The post is effective, and specific guidance is based on real-time instructions. Currently, the market outlook is relatively good, recommending altcoins ORDI, LPT, SOL, and UNI for swing trading, with specific operations based on real-time guidance. For more strategies, please follow Weibo, Blockchain Liang Qiu.

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