Every newbie learns from their own lessons, while the wise benefit from the help of professional teams. BTC saw a morning surge in volume testing near 63800, then faced downward pressure. The bulls did not see much volume increase throughout the day, and the afternoon was characterized by continuous oscillation and consolidation. In the evening, it rebounded from the low to around 62500. Both long and short positions were active during the day, with a total gain of 2468 points for BTC and 180 points for ETH. The morning surge at the start of the week was within our expectations, and the current market situation is well balanced. Whether long or short, there is strength, and it's relatively simple to find support and resistance levels in the current market oscillation.

From the current market situation, the daily chart shows a small positive candle with a long upper shadow, with a potential downside of a thousand points during the day. It is expected that the closing price will not be lower than the break point, and there will still be a positive candle. Looking at the 4-hour chart, it initially moved up above the upper band of the Bollinger Bands, followed by a consolidation and a pullback during the day. After testing the strong resistance level of 62500, the opening price in the late session was lower, indicating a reversal to the upside. Although the KDJ indicator line formed a death cross and was blocked by volume, there is still an upward momentum in the market. The downside has a potential downside of a thousand points in the short term, and the volume has basically ended. The bulls still dominate the low position in the short term. In the short term, the support level is around 62500, and the upper band of the Bollinger Bands at 63000 is under pressure. The upper band continues to test higher levels. Therefore, the recommended operation for midnight is to continue to be bullish.
BTC can be bought at around 62500-62800, with a target near 63800. ETH can be bought at around 3440-3460, with a target near 3520. #BTC #比特币 #ETH #GateioInto11