Good morning, friends. Last night during the US session, the coin price continued its previous upward trend. The price repeatedly pulled up and broke through the previous high. Then it quickly fell back. After the US stock market closed, the price hovered around 70,000 in a sideways consolidation phase. The volatility has been shrinking. Looking back at yesterday’s real trading, all long and short positions were successfully closed with profits. Recently, the market trend has been changing rapidly, with intense fluctuations. Friends whose real trading results haven't been ideal might as well follow Haoyu’s rhythm to move along. I am still confident that we can quickly lead everyone out of the current predicament.

On the four-hour chart, Bitcoin’s price surged with consecutive bullish candles, but now it has formed two consecutive bearish candles, indicating a quick correction. The large bearish candle quickly engulfed most of the previous upward move. The current doji candlestick also reflects that bulls and bears are still in fierce battle at this position. The MACD histogram shows that the bullish momentum is continuing to weaken. The KDJ indicator lines are still diverging downward rapidly. This round of price correction may continue further.

In the short-term hourly chart, the price dropped sharply below the middle band after a bearish engulfing pattern, then entered a sideways consolidation with small candles. The price quickly fell below the middle band again. Compared to the previous trend, after the rapid correction with consecutive bearish candles, there was no obvious rebound. This morning, the price dropped sharply again, breaking below 70,000, a clear sign of a trend reversal. Today’s white session is expected to continue the correction trend. Consider participating in short positions on rebounds.

For Bitcoin, short around 70,000, watch around 68,500. For Ethereum, short around 2,035, watch around 1,980.