Thursday Jiahua's Thought Sharing

Bitcoin and Ethereum experienced a slight pullback last night, and the overall weak pattern remains unchanged. Although the 4-hour chart shows prices re-entering the consolidation range, they failed to break through the midline of the range. The rebound structure is invalid, and it is unlikely to sustain a rebound in the short term.

From a technical perspective, as long as the 4-hour chart has not stabilized above the midline of the range, the trend cannot be reversed. Only a confirmed breakthrough and stabilization above the midline can bring a structural change to the oscillation pattern.

Bitcoin rebounded to around 69,988 but faced resistance again and fell back. The 70,000 psychological level remains a strong resistance. Short-term rebound momentum is weak, and the core strategy remains to short on rebounds!
Bitcoin around 69,000 short, target 67,500, medium-term target 65,000
Ethereum around 2,080 short, target 1,980, medium-term target 1,800