The market is constantly changing, and an excellent trader needs to have keen insight to capture every subtle change in the market. However, when they ignore market trends and stubbornly stick to their own way, they are often swallowed by the market's huge waves. If you are still struggling alone and unable to make good decisions or see the right direction, you can try to follow Old Chen's layout. Today’s overall market remains in a tug-of-war between bulls and bears, with the price oscillating within a range and no clear continuation of either side. In the early morning, Bitcoin touched a low of 85073 and then rebounded slightly, reaching a high of 86478. Ethereum hit a low in the early morning and also rebounded slightly to 2976 before facing resistance and weakening. It has been in a correction phase during the morning and noon. Old Chen positioned around 86400 and 2975 for short positions, and as expected, these were successfully closed, with Bitcoin gaining 1000 points and Ethereum gaining 40 points.
Currently, we are again in a phase of partial consolidation and correction. Yesterday’s pullback retraced the previous upward gains, and in the short term, the market is in a consolidation trend, making it difficult to form a clear directional move. This pattern is hard to determine for short-term continuation; for now, it is seen as a shakeout and oscillation market. Structurally, it remains below the midline support and is still operating under support levels, indicating a weak overall trend. The 4-hour trend remains in a downward correction within a downtrend, making today’s bulls and bears uncertain. The price is again stabilizing around 85500. For the future, focus first on whether the resistance above can be broken; once it is broken and stabilized, follow the trend to enter positions.
At noon, consider shorting around 85800-86300 for Bitcoin, with a target below 84500. For Ethereum, short around 2955-2975, with a target around 2830.
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The market is constantly changing, and an excellent trader needs to have keen insight to capture every subtle change in the market. However, when they ignore market trends and stubbornly stick to their own way, they are often swallowed by the market's huge waves. If you are still struggling alone and unable to make good decisions or see the right direction, you can try to follow Old Chen's layout. Today’s overall market remains in a tug-of-war between bulls and bears, with the price oscillating within a range and no clear continuation of either side. In the early morning, Bitcoin touched a low of 85073 and then rebounded slightly, reaching a high of 86478. Ethereum hit a low in the early morning and also rebounded slightly to 2976 before facing resistance and weakening. It has been in a correction phase during the morning and noon. Old Chen positioned around 86400 and 2975 for short positions, and as expected, these were successfully closed, with Bitcoin gaining 1000 points and Ethereum gaining 40 points.
Currently, we are again in a phase of partial consolidation and correction. Yesterday’s pullback retraced the previous upward gains, and in the short term, the market is in a consolidation trend, making it difficult to form a clear directional move. This pattern is hard to determine for short-term continuation; for now, it is seen as a shakeout and oscillation market. Structurally, it remains below the midline support and is still operating under support levels, indicating a weak overall trend. The 4-hour trend remains in a downward correction within a downtrend, making today’s bulls and bears uncertain. The price is again stabilizing around 85500. For the future, focus first on whether the resistance above can be broken; once it is broken and stabilized, follow the trend to enter positions.
At noon, consider shorting around 85800-86300 for Bitcoin, with a target below 84500. For Ethereum, short around 2955-2975, with a target around 2830.