Bitcoin, Ethereum Direction and Operational Strategy

🌸🌸 Bitcoin retraced overnight, breaking the support of 67600-68000, and has fallen back into the bull flag channel, with a long bearish candle on the daily chart. The short-term market bearish momentum has increased, and it is expected that there will be an inertia sell-off in the morning. Key focus today is the 65500-66000 support-resistance level. If this level holds effectively, a rebound is possible. The previous support of 67500-68000 becomes resistance. A breakthrough above must stabilize for further rebound potential; otherwise, consolidation will continue. Overall, in the larger structure from the rise of 59000, as long as 65500-66000 is not broken, it remains in a rebound trend. Breaking this level would shift into a bearish trend with a future test of 63000-64000.

🌸🌸 Ethereum broke the trendline support of 2660-2680 overnight, and the morning will follow Bitcoin with an inertia sell-off. Watch for support at the bottom around 2550-2570; if this level holds, it will rebound with Bitcoin. On the upper side, watch for resistance at 2660-2680. A breakthrough that stabilizes here will enhance bullish momentum for further rebounds; otherwise, it will still need to consolidate repeatedly. Strong support below is at 2500-2520.

🌸🌸 Spot Strategy: 1: Currently, the position is somewhat conflicted; Bitcoin is down, while altcoins don’t want to fall. Structurally, it lacks an upward movement to complete the top structure. Short-term defense is at 65500-66000. If tomorrow’s early close is below this, we will reduce 20-30% of our additional positions at highs. If it does not break the defense level, we will look at resistance at 67800-68000. If it breaks and stabilizes, we will hold our positions; if rebound momentum doesn’t improve, we will take profit and reduce positions. 2: For those looking to trade intraday, if the morning touches 65500-66000 without breaking, they can buy spot. If it breaks below 65500, stop loss and exit. For rebounds, watch the pressure at 67800-68000, and if it breaks through, continue to hold. If it does not break, take profit and reduce positions. 3: For short-term trades in Ethereum, look for a breakthrough at 2660-2680 to continue holding for 2800/3000. If the rebound does not break 2660-2680, consider taking profit and reducing positions.