After Bitcoin (BTC) fell below the support level of 67,200 yesterday, it fell directly back to the parallel support position of 66,000 points, which is a key support area on the four-hour level. This position serves as the last short-term support. If it continues to fall below, it may further pull back to around 60,000.

Yesterday, Bitcoin rebounded after hitting 66,000, but the strength was limited. It was just a protective behavior rather than a strong reversal.

After Ethereum (ETH) fell below the support range of 3500-3560, it did not rebound significantly and only rebounded along with Bitcoin. Currently, we need to pay attention to the defensive position in the 3200-3300 range. In terms of altcoins, most have fallen back to their previous lows and are expected to enter a downturn, waiting for Bitcoin and Ethereum to rebound before rebounding.

Today's focus

Bitcoin (BTC)

Key Support: 66000

Upper resistance: 69000

Strategy: Pay attention to whether the support of 66,000 has stabilized. If it stabilizes, it can rebound to 68,000 and stand firm. Otherwise, you need to pay attention to the risk of a correction to 60,000.

Ethereum (ETH)

Key support: 3420-3430

Defensive position: 3200-3300

Upper resistance: 3660-3700

Strategy: First observe the support range of 3420-3430. If it falls below, focus on the defensive position of 3200-3300. The rebound resistance range is 3660-3700.

Altcoin Strategy

Under the current bearish market sentiment, it is recommended to concentrate on the "three-coin-to-one" operation. Specific suggestions are as follows:

Short-term currencies:

YGG

FIL

BCH

Long-term currencies: Choose currencies with long-term potential based on personal preferences, concentrate your chips to control risks, and wait for a sharp rebound after the market picks up.

Summarize

The market is currently in a weak position, focusing on the support of Bitcoin 66000 and Ethereum 3420-3430, so be cautious in short-term operations. A prudent strategy is to make a rebound layout after the support stabilizes, while a radical strategy is to observe the strength of the market rebound and flexibly adjust positions.

In terms of altcoins, we adopt a centralized chip strategy, choose a combination of short-term and long-term, and do a good job in risk control and wait for the market to pick up.

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