Evening Market Outlook

The major index experienced a rapid plunge in the early morning, with Bitcoin dropping from around 68,600 to 66,100. Early deployment of short positions accurately captured this downward trend. Currently, the market is gradually stabilizing, with the key support at 66,000 holding effectively, and the bearish momentum has significantly weakened. The four-hour chart shows a bottoming and rebound with long lower shadows, breaking the downward trend on the hourly chart. The MACD bearish bars continue to shrink and turn positive, while the KDJ forms a bullish divergence with a golden cross. Bullish signals are gradually strengthening, and the overall outlook is mainly bullish.
Trading Suggestions:
Bitcoin around 65,500 with a target near 67,000
Ethereum around 2,010 with a target near 2,060