Cryptocurrency has always been a battlefield where opportunities and risks coexist. Every rise and fall is like a drumbeat announcing the call of destiny. Short-term lows are never the end but rather a buildup of strength, just waiting for the next breakout and surge. On Monday, Bitcoin's price dropped to around 65,000 in the morning and then started to rebound, fluctuating slightly around 67,500. Ethereum's trend also followed Bitcoin, falling to about 1,972 in the morning and then rebounding, with slight fluctuations around 2,060. This morning, Brother Cheng's precise timing also resulted in a gain of over 700 points.



Looking at the four-hour chart, Bitcoin has been in a one-way downtrend since the high of 76,000, repeatedly breaking through multiple key support levels. It once dipped to a low of 65,000 earlier today. Although there were several technical rebounds during this period, they were always constrained by the downward channel. Essentially, these are just corrections during the decline, and the long-term bearish trend remains unchanged. This is the core direction that swing trading must focus on.

On the 15-minute chart, after touching bottom around 65,000 this morning, the price experienced a weak rebound, reaching as high as 68,000, and is now consolidating around 67,500. In the short term, the market is oscillating slightly bearish, with key support levels to watch for defense and attack in the medium term.

BTC: Suggest short positions around 67,800-68,300, target 66,000-66,800, stop at 68,500
ETH: Suggest short positions around 2,070-2,100, target 1,990-2,020, stop at 2,110
BTC1,16%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin