The sky has unpredictable storms, and the crypto world is indeed ruthless! The overall correction phase of Bitcoin experienced a significant situation again yesterday, with a midnight dip that surprisingly reached the previous low point around 65200. The rhythm has changed; the originally bullish arrangement was once again swept away, but fortunately, due to the moderate pullback, the low point of 65800 allowed for a perfect long position to be established, not only recovering the previous losses but also yielding a slight profit. It really was a close call, and now the overall pattern has changed, so we need to follow the trend!
From a technical perspective, the current market trend shows a downward rhythm, with the bottom repeatedly reaching significant levels. Although there has been a rebound, the strength was only enough to hit the mid-band resistance, seemingly establishing the top of this cycle at 69500. The current market rebound has entered a small cycle top, and today's direction will depend on the situation around 67800. Today's arrangement should primarily focus on a bearish outlook.
Bitcoin's intraday range is around 67400-67600 for short positions, targeting 65000.
Ethereum's intraday range is around 2555-2560 for short positions, targeting 2400$BTC $ETH $BNB #币安累计交易量突破100万亿美元 #牛市赛道是那条? .