Today’s market movement can only be described as a textbook "early morning诱多, afternoon阴跌, evening acceleration." In the morning, Bitcoin was still hovering above 69,000, seemingly ready to break upward, but by the afternoon, it started to soften and slide down gradually. In the evening, it plunged close to 66,000 before barely stabilizing. Ethereum was even worse; it was pretending to be strong above 2,050 in the morning, but by the afternoon, it couldn't hold on, and in the evening, it briefly fell below 1,930 to stop the decline. Throughout the day, bulls and bears kept battling back and forth. In fact, the big players want this effect—to make you think a breakout is coming, only to fake it; to make you think it’s about to crash, only to pull back. This back-and-forth prevents everyone from making good profits. Once everyone gets tired of the chaos, the real trend will emerge.

For our intraday trading, we maintain a bullish outlook. Although there’s a small risk of a 1,000-point correction intraday, we still aim higher and have secured some profits. Bitcoin, combined with long-term positioning, has taken a 4,200-point profit, while the minor positions have a total of 105 points in gains. On Tuesday night, we are still holding long positions from lower levels.

From the daily chart perspective, although Bitcoin retraced intraday, the support from the moving averages below remains effective. The price is still within the normal retracement range after the previous breakout. The MACD fast and slow lines are converging, but overall, they remain above the zero line. The red histogram bars indicate that the bullish momentum has not completely disappeared, and the daily bullish structure remains intact. After retracing and falling below the midline, the price recovered again, showing that the bulls are still in control. There’s still a chance for a breakout to higher levels.

On the hourly chart, after the evening retracement near 66,000, Bitcoin quickly stabilized. Currently, the price has re-established above the lower Bollinger Band. Although the short-term moving averages are in a death cross, the MACD green bars are shrinking, and the fast and slow lines are showing signs of turning upward. The current pattern also indicates an upward trend. While there is resistance around 70,000, the retracement lows are getting higher, forming an initial upward channel. For the near future, consider taking profits at high resistance levels and maintain a low-long position strategy.

Bitcoin can be bought around 67,700-68,200, targeting near 70,000. Ethereum can be bought around 1,950-1,975, targeting near 2,050. $BTC $ETH