To be honest, that kind of analysis about the upper pressure level, where to pay attention, and if it doesn't break, it will test the support level, pay attention to this and that, if it breaks, it needs to pull up, and the upper high level to pay attention to this and that, this kind of analysis is really easy to write, and it won't lose no matter what! If the market goes down, the pressure level is effective, isn't shorting profitable? If the market doesn't go down, the lower support holds, isn't going long profitable? But can everyone really understand this kind of analysis? Can they know what to do? I still prefer to be more direct and share my own views, whether it's long or short.

Good evening, the market sentiment has been severely washed out recently, with significant ups and downs. Whether going long or short, it's easy to face lessons, so everyone must stay calm, strictly set stop losses, and only attempt to enter at key positions!

Bitcoin is currently priced around 65500, with a peak this morning reaching around 98200 before pulling back, and a low drop to 94800 where it stopped falling. The hourly chart's Bollinger Bands are wide open, with all three bands moving downward, so it's still a bit early to say that a stop-loss signal has appeared. On the 4-hour chart, the price has broken below the lower support band, currently testing near the lower support. The price must stabilize above 95500 before we can say it has stopped falling. The MACD is below the zero axis, with increasing bearish momentum, and the KDJ lines have not yet converged to form a golden cross. On the 12-hour chart, it has broken below the middle band, with the MACD green momentum bars increasing, and the KDJ has a dead cross pointing downward. Relying solely on the hourly chart's bottoming formation and oscillation is temporarily insufficient to change the trend; suddenly pushing the price up is unlikely.

With the market behaving like this, to be honest, it's hard to operate. Most people who went long around 95000 believe that after such a significant drop today, it should start to rise in the latter half of the night. However, current indicators show that bullish momentum is still insufficient. For long positions near 95000, you can consider taking a light position, and if it breaks below 95000, the next low long position is around 93000. Currently, shorting around 95500 is certainly unrealistic, and going long feels somewhat lacking in momentum, so it’s indeed hard to provide a clear viewpoint.

In summary, for aggressive friends, you can try a light long position near 95000 and add to it at 93000. For conservative friends, wait to go long at 93000. The targets for long positions are 96800, 98000, and 98700.

For Ethereum, if you want to go long, personally, I think it would be a bit more stable to wait for around 3550 or 3500, though it may not give a chance for a pullback to enter. At this position, going long directly, to be honest, is not very reassuring. Currently, indicators indeed do not show a major reversal, so we can only wait, either for a pullback or for it to continue bottoming and oscillating to build momentum. At that time, it could be a horizontal trend instead of a drop, providing an opportunity to enter directly.