Hangkai'sBigPancake

Analyze early, position early.
Every step is steady and grounded.
Slow is fast, fast is slow.

As mentioned yesterday, Bitcoin at 59500 held and has already moved above 62000, which has been completed.
Recently, market conditions tend to be bullish for swings: mainly going long, with short-term shorts and longer-term longs. During today’s daytime, the key support is around 60700.
On the 4-hour timeframe, defend 60700. As long as the price remains above 60700, it should test the resistance above 62000 again.
The upper resistance is the bearish OB zone: 62260-63300. At this price, bulls remember to take profit, and you can short in the short term.

Yesterday did not bounce up as expected; instead, it directly broke below the previous low. From this “liquidity grab” reaction, some stop losses were triggered around 58040.
Today, the intraday resistance level is 59500. If the rebound does not exceed this level, then the triangle breakdown can be considered able to continue the downside. If the price comes back above 59500, it will continue rebounding to test the resistance level at 60700.

The evening session is a bit bearish. What's most frightening about that drop below 59000 is not the price itself, but that positions were still increasing as it fell. Prices are going down, positions are not being reduced, indicating that the shorts are not just hitting and running, but are continuing to test the support below.
But I don't want to call it a breakdown directly, because this 58900 level still needs to wait for the candle close to confirm. If the 1-hour and 4-hour candles really can't close back above, even if the shorts have eaten below 59000, then the 58000 area will be retest

Bitcoin today watch the 60500 level. Only if the 4-hour candle closes above this level will the upward momentum be strong. Above: 61870, 63240, 64400
Today, if the 4-hour level rebounds but fails to stay above the 60500 level, it indicates the rebound is weak. On the next dip, first look at the 58300 area. If not broken, the smaller timeframe will still rebound. Below:
56500, 54600, 52500
Ethereum today watch the 1585 level. As long as the 4-hour level does not break below this level, the smaller timeframe will still rebound. Above targets: 1625, 1655, 1685
Today, if the 4-hour level breaks be

Bitcoin’s green box has 7 pins. I tend to go up first; if it drops afterward, that would be more reasonable. Otherwise, these outlier pins don’t seem reasonable—unless it’s a distribution at the bottom? I think the probability is low.
If the 4-hour level breaks 60700 again, it can verify my guess. Then, ride the trend to look for a long toward around 62000. If it breaks below 58700, that negates the guess, and ride the trend to look for a short.

Earlier tonight, BTC made that spike to 60758, and it did print, but the problem is that the price didn't hold the high, quickly getting pushed back to around 59000. Now it's slightly recovered to around 59500. We got the high, but no confirmation of a solid hold. This is exactly the kind of scenario you fear in this type of oscillating market.
So now the tricky part is that after the spike, liquidity didn't continue to buy into the upside; instead, it started to ebb. In other words, this wave saw a high-level rotation followed by a pullback, and the bulls didn't have enough buying power to li