Market analysis this morning shows that Bitcoin is currently down about 1%, with the price dropping to around $65,000. At the current stage, Bitcoin is in a correction period, and according to the 0.382 Fibonacci retracement level, the expected target is around $63,000. If a deeper correction is considered, it may hit the 50% retracement level of around $60,000. Therefore, overall, the correction trend has not ended, and it is recommended to continue to wait patiently for the end of the retracement.
Near $65,000, Bitcoin has a small level of support area, which may show a shock correction trend. Therefore, it is recommended not to pay too much attention to the rebound in the middle, but to wait patiently for the confirmation of the correction trend.
Specific operation suggestions are as follows:
- Short Bitcoin near $65,000-65,300, with the target below $63,000.
- Short Ethereum near $3,220-3,250, with the target below $3,100.
These recommendations are designed to leverage current market trends and technical analysis, providing clear entry points and pre-market targets while emphasizing the importance of risk management.
