This round of rebound is almost over.
1. BTC formed a bearish candlestick below the decision line yesterday, marking the second quick drop after hitting 74K. This round of rebound should come to an end; the hourly chart may still struggle a bit, with a resistance level at 71.2K and a support level at 70.2K. Don't chase the long positions anymore; the thinking remains bearish.
2. The performance of PAXG is a bit disappointing; our cost is around 5170, and the current price is 5030U. For the first time in a long while, the daily chart shows the fast line crossing below the zero axis, raising concerns about future market trends. Although the daily chart is still bullish, a deep correction is also entirely possible.
Currently, it has reached the lower edge of the oscillation range at 5000. Let's see if it can rebound; however, adjustments to positions are necessary, as there is currently an unrealized loss of 2.81%. It is a pity that I did not hold onto the bearish signal seen on the hourly chart the day before yesterday.
3. The price of WTI crude oil has reached 100, which is quite strong. When it rises, other markets drop; when it drops, other markets rebound and rise. Currently, both BTC and gold are falling, while WTI maintains a strong oscillation.
4. There are opportunities with HYPE and CRCL; both of them may have another significant drop, so it’s a chance to seize.
Operational suggestions: Pay attention to the strong HYPE, CRCL, and the dead cross near the zero axis of BTC's fast and slow lines.