Good morning, the intraday market overall remains in a high-level consolidation phase after the price surged and then pulled back. The overall trend shows an initial rise followed by a decline. During the U.S. trading session, there was intense competition between bulls and bears. After testing the low support at midnight, the price gradually moved higher, continuing the short-term upward trend. Looking back at the live trading, the short position taken in the afternoon was precisely profitable, and the Bitcoin short suggested during the evening live session also successfully achieved short-term expectations. The view of oscillation with a bearish bias during the U.S. session was also accurately fulfilled. Our strategy remains consistently precise. Friends who have had poor timing recently might consider following this approach and giving it a try.
On the four-hour chart, Bitcoin's price has been continuously fluctuating and consolidating, currently closing above the middle band of the middle Bollinger line. During the midnight battle between bulls and bears, the bulls gained short-term advantage. Although bulls currently hold short-term dominance, the trend structure still operates within a stable downward triangle. Considering the Middle East situation and crude oil fluctuations, short-term price movement still lacks upward momentum. Therefore, after the consolidation ends, we expect a continuation of the price retracement. On the short-term hourly chart, the oscillating situation persists, showing a lack of clear direction recently. The price has been consolidating around 75.8k, with continued sideways movement. Currently, the price is testing near the high of the range, and the market in Asia has a low likelihood of a trend reversal. In the short term, we maintain the view of a rebound followed by a pullback, with a continued bearish outlook—rebound opportunities remain to be sold.
Short at around 76,400 for Bitcoin, watch near 75,000.
Short at around 2,330 for Ethereum, watch near 2,290.
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