After a steep drop in the early morning, the market entered a sideways consolidation. The Fed's speech was generally neutral overall, but market sentiment is clearly weakened.
Market Situation: BTC rebounded to around 71900 and faced resistance, stabilized after retesting 70400, currently oscillating around the 71000 level; ETH rebounded to 2225 under pressure, stopped falling after retesting 2150, currently consolidating near 2190.
From a structural perspective: On the daily timeframe, BTC's large bearish candle directly engulfed the previous gains, forming a similar "dark cloud cover" structure, while breaking below the 5-day and 10-day moving averages, with MACD showing signs of a death cross. Short-term adjustment risk has clearly increased. Key support to watch below is the 70000—70400 range.
On the 4-hour timeframe, the uptrend has been broken, showing rapid decline and breaking below the Bollinger Bands, indicating that bearish momentum is strengthening. Rebounds are more inclined to be shorting opportunities.
Trading Strategy:
BTC: Consider short positions in the 71500—72000 range First watch the 70000 level Wave segment focus on 68600
ETH: Consider short positions in the 2210—2240 range Target 2170—2120 Wave segment focus on 2000
Thursday Morning | Tang Long Trading Analysis
After a steep drop in the early morning, the market entered a sideways consolidation. The Fed's speech was generally neutral overall, but market sentiment is clearly weakened.
Market Situation:
BTC rebounded to around 71900 and faced resistance, stabilized after retesting 70400, currently oscillating around the 71000 level;
ETH rebounded to 2225 under pressure, stopped falling after retesting 2150, currently consolidating near 2190.
From a structural perspective:
On the daily timeframe, BTC's large bearish candle directly engulfed the previous gains, forming a similar "dark cloud cover" structure, while breaking below the 5-day and 10-day moving averages, with MACD showing signs of a death cross. Short-term adjustment risk has clearly increased. Key support to watch below is the 70000—70400 range.
On the 4-hour timeframe, the uptrend has been broken, showing rapid decline and breaking below the Bollinger Bands, indicating that bearish momentum is strengthening. Rebounds are more inclined to be shorting opportunities.
Trading Strategy:
BTC:
Consider short positions in the 71500—72000 range
First watch the 70000 level
Wave segment focus on 68600
ETH:
Consider short positions in the 2210—2240 range
Target 2170—2120
Wave segment focus on 2000
The above is personal analysis for reference only. Specific operations should follow the intraday rhythm. Pay attention to position sizing and risk management. #Gate13周年全球庆典 #美联储利率决议 #英伟达GTC2026大会召开 #Grayscale质押1.92万枚ETH #七大央行利率来袭 $BTC $GT $ETH