The current market situation has reached a moment that tests patience. The current position of Bitcoin is extremely critical.
After yesterday's increase, there is a drop space of over 3000 points. The upper resistance level is 70000, while the lower strong support level is 66500, causing today's market to remain in slight fluctuation.
The long positions we suggested during lunchtime have perfectly taken profits and exited. Clearly, what everyone needs to focus on now is still the gain and loss issue at the 66500 position, where a narrow range of fluctuation has formed below this level.
From the current market, it is not difficult to see that after a new round of decline, the market has shown a rebound action, but there is no significant change in the daily structure, and the overall structural trend remains upward.
The morning rebound was within our expectations; it is merely a corrective action after probing the bottom.
For now, we should continue to pay attention to the continuation of the market's rebound. On the 4-hour level, after the decline, there was a slight correction, but the rebound was suppressed by the middle track and failed to break upwards.
Although it failed to break upwards, the previously mentioned lower support still exists, so the subsequent layout should focus on low long positions around the lower support.
Bitcoin: Long at 67200 - 67000, target at 69000.
Ethereum: Long at 2630 - 2600, target at 2740. Stay tuned for night cooking, bull market strategy layout, sharing various passwords, and helping you understand more about hundredfold coins #SCR现货交易对将上市币安 #YGG、ADA、ENA解锁 #山寨季要来了吗? #以太坊Layer2总锁仓量上涨