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4.5 Just a few words
Let's talk about Bitcoin first.
Last night, it hit 67,500 with one spike. Did some people rush in and chase the move?
Don’t deny it, I understand you.
But I’m telling you, that was just a trap to attract longs. Look at the candlestick on the chart, the closing price didn’t even break above 67,319, the upper shadow is very long, and the volume was huge—what’s this if not a fake-out? The big players are clearly pushing liquidity around 67,500 to sweep out short orders, then they close the position, leaving you at the top of the mountain to enjoy the breeze.
Really want a rebound? If it can’t go up once, I can tolerate that. But if it can’t go up two or three times, and you still talk about a rebound?
Now the price has fallen back into the previous consolidation range, holding around 66,700 for now. But it’s useless.
One sentence: if it can’t break through 67,319, it’s all talk.
If it does, look for a move to 68,300–69,200 on the right side.
If it can’t break through, and falls below this consolidation zone, first watch 65,665. If that breaks, new lows are coming.
Support and resistance levels to keep in mind:
Upper: 67,382 / 68,299 / 69,185
Lower: 66,785 / 65,616 / 64,930
And now, about Ethereum, it’s even more frustrating.
Last night, I touched 2,083 twice, and both times it got smashed down. Both attempts to go higher failed, and I feel heartbroken just looking at this pattern.
Want it to rise? Fine, first hold steady at 2,072, ideally take out 2,083 directly.
If it can’t hold, then honestly go back and step on 2,016.
My own bad trading plan:
· Hold steady above 2,072 → watch for 2,125–2,156
· If it gets close to 2,107, I’ll lightly short with a stop at 2,143 (don’t copy me, I’m reckless)
· If it bounces off 2,012, I’ll go long
· If it breaks below 2,044 and can’t recover, short targeting 2,009–1,960
Place a left-side order: buy at 1,952, stop-loss at 1,923. Gambling on a dog, break it if you can.
Finally,
Before Bitcoin can break above 67,300, all its upward moves are just illusions.
Ethereum looks at Bitcoin’s face; if Bitcoin isn’t strong, Ethereum can’t get strong either.
Don’t get overly excited from just one spike, control your hands.
In a sideways market, less loss means more profit. #BTC #ETH