Bitcoin's retracement kills the bulls, can it scare them away! Continue to go long at midnight!

Is Bitcoin's momentum sluggish today? It has been oscillating downwards from 69,500 and has already reached the 66,800 level, dropping 2,700 points. Where are the bulls still laughing? Today it's the bears' turn to laugh! We knew there would be a retracement, but we didn't expect it to be so deep, resulting in stop-losses for long positions!

But does this mean the bulls have surrendered? That seems a bit hasty, celebrating too early. There are no markets that only rise without falling, nor are there trends that only stop falling without rising. This retracement has killed those bulls who blindly chased high positions and has also shaken off some weak-minded fence-sitters. After the retracement, a rebound is still expected. Although we all know that approaching 70,000 is a heavy selling zone, how could 69,500 just be lightly tapped and then suddenly stop?

Bitcoin will continue to build long positions at midnight. From a daily candlestick perspective, this big bearish candle has wiped out the gains of the previous five days. This kind of declining trend is not a sharp drop, so it won't suddenly stabilize and rise again. Long positions cannot be too aggressive; they need to be more cautious. Support below to watch for is at 66,500 and 66,000, while resistance above is at 67,500, 68,500, and 69,500.

Strategy: Accumulate long positions at 66,500 and 66,000 with targets at 67,500, 68,500, and 69,500; if broken, look at 70,000, with a stop-loss at 65,500.

Ethereum's intraday targets are 2,690 and 2,640 for long positions, with a stop-loss at 2,610. The current price is 2,666, oscillating and correcting, with an intraday low of 2,659 and a high of 2,770, a drop of over 110 points. Long positions can be held according to plan, as the retracement at midnight is limited.

The above is only a personal opinion; investment carries risks, and caution is needed when entering the market! #BTC要挑战7W大关了吗？ $BTC $ETH