Where it falls, where it rises, detailed analysis
🌸 Bitcoin rebounded after hitting the support of 66000 last night but failed to break through the resistance at 66800-67000. It reached a low as expected in the early morning and found support in the 65000-65500 support range for a rebound. In the short term, whether it stops falling here depends on the trend line pressure at 66800-67000. If this level is broken and stabilized, it will stop falling and later challenge the resistance at 67800-68000. Once it breaks and stabilizes, it will return to the upward channel. If it cannot break through the pressure of 66800-67000 during the day, there will be a second retest. The focus remains on the 65000 support; if broken, it will lead to a continuation of the five-wave pattern, at which point pay attention to the support at 63000-64000 (with a spike at 61000-62000). The overall trend remains bullish after consolidation.
🌸 Ethereum's exchange rate hit a new low, causing a spike to 2450 last night. On a smaller scale, pay attention to the pressure at 2550-2570. If it breaks and stabilizes, it will stop falling and look towards 2650-2680; otherwise, there will be further tests. If the 2440 support is broken, it will retest the previous box bottom support at 2250/2350.
🌸 Spot strategy:
1: Those who bought spot in the 65000-65500 range last night, protect the 65000 level in the short term, look up to 66800-67000. If it breaks and stabilizes, continue to hold with a target of 67800-68000. If the rebound fails to break pressure or falls below the defense, exit immediately.
2: For those who reduced positions earlier and did not buy spot last night, if there is a second retest during the day, you can choose to buy near 65000. After buying, protect the 65000 level and look towards the resistance level. If it falls below the defense, exit immediately and wait for the five-wave decline to buy again.
3: For those who did not reduce positions earlier, only buy if a five-wave pattern occurs. Do not increase positions at this time; continue to target the resistance at 67800-68000 with existing positions.
4: For those who bought near 2500 in Ethereum last night, pay attention to the pressure at 2550-2570 during the day. If it breaks and stabilizes, continue to hold with a target of 2650-2680. If the rebound fails or falls below 2440, you can exit or increase positions if it shows a five-wave decline to 2250-2300.
5: The charts shared are nice to look at.