Each trader is like a boatman in this great river; going with the flow allows for a faster arrival at the destination, while going against the current not only consumes more energy but also risks capsizing. The market is ever-changing. The recent layout from yesterday until now remains strong. Looking back at recent market conditions, Bitcoin has been falling steadily until it stopped at 65,501. The bullish volume only just halted there, and multiple downward moves have completely wiped out the previous bullish recovery space. The market is still the same market, just transformed from a bull market into a bear market. The intraday trend still shows a slow recovery, and today’s focus remains on long and short positions. Since this morning, Bitcoin’s long positions have hit the 1,000-point target as expected, then shifted to short-term positioning. Ethereum has also gained nearly 30 points. This rhythm feels quite comfortable—short at high levels, long at low levels, focusing on high shorting and low longing. There have been fewer updates recently because I’ve been extremely busy. If you’re unsure, consult Lao Chen.

On the short-term hourly chart, the market is under pressure and pulling back. Currently, prices are fluctuating within a range, entering a consolidation phase. The current price is near 66,600. In the short term, prices are expected to test further downward. I recommend everyone prepare in advance. The current trend has broken below the lower band; if the price continues to fall and breaks below this level, there is a risk of further decline toward 60,000. Whether the market can reverse again depends critically on breaking the daily resistance. At least, the daily chart needs to stabilize above 70,000 for a reversal to form. So, it’s best to wait until the daily chart confirms this level before considering a bullish position. Currently, it’s just a small-scale consolidation. Support at 65,000 must hold; if it doesn’t, the market could test 63,000 again. Bitcoin’s overall trend remains slightly oscillating, without breaking through key support and resistance levels, so the strategy is to maintain short positions at high levels and long positions at low levels.

In the afternoon, Bitcoin is around: 66,800-67,000. Go short directly with a target of 64,500.

Ethereum is around: 2020-2050. Go short directly with a target of 1900.