$BTC 3.2 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions



From a technical perspective, Bitcoin is still trading within a short-term consolidation range of 65,500 to 67,000 points, with the short-term trend gradually showing signs of fatigue.

The area around 67,000 to 67,200 acts as the main short-term resistance zone and connects with the medium-term resistance area near 69,000 that the market is widely watching. In terms of volume, recent attempts to push higher have failed to hold above 67,000, indicating insufficient buying momentum and a lack of breakthrough energy in the market. If the price cannot stay above 67,000 for long, the current rebound structure is likely to evolve into a second bottom pattern, and technical selling pressure may be released again.

The key support area below is first around 65,500, which is both the intraday low and an important short-term defensive level. If this area is broken, the market will likely test the 65,000 level and further retest the support zone near 64,000 for confirmation. Given the cautious market sentiment and lack of positive catalysts, short-term trading can maintain a high short position on rebounds, with a stop-loss above 67,200. Until the price can stabilize above 67,000, avoid being overly optimistic.

Tonight, consider shorting Bitcoin around 66,800 with a target of 65,000.
Tonight, consider shorting Ethereum around 1,980 with a target of 1,880.
BTC-0,71%
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