The bears have driven many bulls away, but don't panic; the support hasn't broken, and it’s still bullish!

Good morning, Bitcoin had a deep pullback yesterday, taking away a large wave of those who chased the highs. This morning, there was a sharp plunge to around 66500, and now the price has rebounded and is oscillating around 67300. I also shared my views at midnight; the support below is at 66500 and 66000, so those who have set limit orders should hold patiently. As long as it doesn't break below 66000 today, we should see a rebound. Pay attention to the resistance at 68500 and 69500; the market is leaning toward oscillation, and there are opportunities for both bulls and bears to participate.

The daily K line has formed a large bearish candle, pressured by the upper track, leading to a downward trend. The MACD bullish energy bar continues to decrease, and the KDJ three lines are converging, forming a death cross pointing downward. The market has dropped from 69500 to 66500, a drop of 3000 points, which is substantial. Many bulls have been shaken out and frightened away. In the short term, the 4-hour Bollinger Bands are opening up, with the price briefly breaking below the lower support. The price has now returned above the lower support, the MACD bearish energy bar is increasing, and the KDJ shows signs of a golden cross with the three lines converging. Today looks promising for a rebound; yesterday's drop was a shakeout. If you chase shorts today, you might easily get caught in a further drop. When placing trades, avoid chasing highs and cutting losses. Only attempt to trade at resistance and support levels. After all, every trade is essentially an error-checking process; investing is about probabilities. For Bitcoin, you can hold the long position at 66500 patiently, reduce your position once it rises to 67500, and then monitor 68500 and 69500. If you don't have a long position, you can only wait for a pullback to enter long at the support levels of 66500 and 66600, with a stop loss at 65500.

Currently, there are no plans for short positions; we need to assess the strength of the rebound before considering high shorts!

Ethereum is currently at 2640, having dipped to 2613 this morning before rebounding. The long position stop loss I provided yesterday was at 2620, which was just hit. Ethereum's rhythm has always been slower than Bitcoin's, so don't rush into longs. Pay attention to support levels at 2600 and 2570, and resistance levels at 2670, 2720, and 2770. The main focus today is to enter long on pullbacks. Enter long at 2600 and 2570, with targets at 2670, 2720, and 2770, and a stop loss at 2530.

The above is just my personal opinion; investing carries risks, and you should be cautious when entering the market! #BTC要挑战7W大关了吗？ $BTC $ETH