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The overall trend of Bitcoin remains relatively clear, mostly fluctuating within a narrow range. Bitcoin oscillates around the 66,500-67,000 level, repeatedly pulling back without a decisive breakout from both bulls and bears. The price has tested the 67,000 level multiple times but faced resistance and pulled back. After retracing to around 66,300, there was buying support, limiting the overall volatility and making the trend more sideways. Ethereum moves in sync within the 2045-2065 range, with several attempts to break above 2065 that failed to hold, and quick pullbacks below 2050. Structurally, it shows obvious horizontal consolidation characteristics.
In terms of trading strategy, based on the given approach, short-term high-position shorts can be placed at the upper boundary of the range. Once the price retraces and reaches a certain profit level, take profits promptly and exit. In this oscillating market, avoiding fighting the trend and taking profits when the market looks good is key.
From the current structure, the market remains in a weak sideways consolidation phase. For Bitcoin, watch the resistance around 67,500 and support between 66,000-66,200, which are the main zones for intraday retracements. For Ethereum, focus on resistance around 2,075-2,100 and support around 2,020-2,040. Overall, the rebound has limited continuation and is more of a correction within the range, without a clear signal of a shift to a stronger trend. Therefore, the trading approach remains unchanged: mainly short on rebounds facing resistance, waiting for the market to reach relatively high-pressure zones before participating in pullbacks. Avoid blindly chasing rallies in the middle of the range. Grasping the market rhythm is the key to success. #Gate广场四月发帖挑战 $BTC