There are no difficult market conditions, only traders who cannot grasp them. Just like today's Bitcoin trend, it can be said to be very clear. Since the midnight high of 71600, it has started to oscillate downwards, with the lowest point in the evening dropping to around 68500, and the current price oscillating around the 69000 mark. During the day, we publicly provided two trading strategies: a midnight suggestion to place an order near 71600, targeting 69500; a second suggestion in the afternoon to follow up on the order, targeting 68500. Both strategies are accurately aligned with the market trend, the points can be said to be spot on, and strictly following the strategy yields profits like drinking water, which is not an exaggeration.
The current Bitcoin trend is basically consistent with previous analysis. After the back-and-forth tug of war, the market momentum has gradually exhausted, and the price has successfully broken downwards. There is a daily candlestick with an entity that engulfs most of the previous long candle, and it has effectively broken the key support of EMA30. The price is about to test the lower support area of the ascending wedge again. From the four-hour perspective, the market has five consecutive bearish candles pulling back, with trading volume increasing simultaneously, resulting in a small one-sided downward structure. Even if there is a rebound for correction in the future, it will be difficult to reverse the overall weak pattern. Combining with the hourly timeframe, the price trend is clearer, the market has consecutive bearish pullbacks accompanied by small bullish adjustments, continuously digesting the market's volume, with a coherent and healthy structure. The Bollinger Bands are all turning downwards, and the market momentum remains sufficient. Therefore, the midnight trading strategy remains unchanged, continuing to look for opportunities to trade high.
Bitcoin: 69300～69800, sell, looking down to 67500.