Current market overview
The current price of Bitcoin is around 68800-69000, having fallen about 0.9% in the past 24 hours. It once surged to 70300 in the morning but faced strong resistance and was pushed back. The current price of Ethereum is around 2108-2120, which has dropped about 0.6% in the past 24 hours, after peaking at 2174 in the morning and then retreating. The current price of BNB is around 598-606, having slightly declined in the past 24 hours, currently holding near the 600 dollar mark.
Today, the market is under overall pressure, with the core news still being that — Trump issued an ultimatum to Iran, stating that if Iran does not agree to the deal, it will face military strikes, and Tehran directly rejected the ceasefire proposal. Risk aversion sentiment has quickly intensified, with crude oil soaring to 113 dollars, gold climbing to 4654 dollars, and the crypto market following suit under pressure. The recent surge above 70,000 on Monday was primarily driven by short covering, with 68.41 million dollars in shorts being liquidated yesterday, representing a typical short squeeze rather than new capital entering the market, so the sustainability was inherently weak.
From a technical perspective, Bitcoin formed a long upper shadow at the 70,000 mark, a typical false breakout pattern to lure buyers. It is currently in a wide fluctuation range of 66,000-70,000 USD. Market sentiment continues to deteriorate, and the fear and greed index has dropped to 11, indicating extreme fear.
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Key positions to watch
First, for Bitcoin, the first support is near 68,000, with strong support in the 66,500-67,000 range; the first resistance is at 69,300-69,500, with strong resistance at 70,000-70,500. The 69,200 level is the 50-day EMA resistance, and 70,300 is the strong resistance at the intraday high. There is significant selling pressure above 70,000.
For Ethereum, the first support is in the 2,080-2,090 range, with strong support at 2,050-2,065; the first resistance is at 2,120-2,140, with strong resistance at 2,150-2,175. Ethereum has closed above MA5, MA20, and MA50 on the daily chart, indicating a bullish medium-term structure, but the hourly MACD has entered a dead cross, indicating significant short-term pullback pressure.
For BNB, the first support is at 590-595, with strong support at 577-580; the first resistance is at 610-615, with strong resistance at 630-635. BNB generally moves with the overall market and does not have an independent trend; selling pressure is evident above 610.
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Trading strategy
Bitcoin trading idea: For long positions, buying in batches on a pullback to the 66,500-67,000 range, with a stop loss set below 66,000, targeting 68,500-69,200. If it breaks above 70,500 with volume and holds, you can take a small long position, targeting 71,500-72,000. For short positions, if it hits the 69,300-69,500 range and shows signs of stagnation without breaking through, aggressive traders can try a small short position, with a stop loss set above 70,300, targeting 68,000-67,000.
Ethereum trading idea: A long position on a pullback to the 2,050-2,080 range is an ideal entry point. Set a stop loss below 2,000, and aim for 2,100-2,140. If it breaks above 2,175 with volume and holds, you can take a small long position, targeting 2,200-2,250. For short positions, if it hits resistance in the 2,120-2,140 range and falls back, experienced traders can try a small short position, setting the stop loss above 2,175, and aim for quick entries and exits.
BNB trading idea: For long positions, buying in batches on a pullback to the 590-595 range, with a stop loss set below 580, targeting 605-615. If it breaks above 620 with volume and holds, you can take a small long position, targeting 630-635. For short positions, if it hits the 610-615 range and shows signs of falling back without breaking through, aggressive traders can try a small short position, setting the stop loss above 625, targeting 595-585.
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Risk reminder
First, Bitcoin faced two highs at the 70,000 mark today but was hammered back. The selling pressure in the 70,000-70,500 range is very heavy. Don't shout that the bull market is back just because of a rise; this position will likely need to be tested further.
Second, the 2,150-2,175 range for Ethereum has a large number of strong liquidation positions. Once touched, volatility will increase, and position management needs to keep up. If it falls below the key support at 2,080, it may accelerate down to 2,050-2,000.
Third, the BNB market completely follows the overall market. Bullish momentum clearly weakens above 610, and the short-term trend is distinctly bearish. Don’t expect it to move independently.
Fourth, the core driving force of the market now is geopolitics. Trump might really take action today, and news may trigger severe volatility at any moment. Stop losses must be in place, and strict execution is necessary.
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In summary,
The overall direction is still bearish, and if the 70,000 mark cannot be crossed, it will continue to oscillate and test the bottom. The operation should mainly focus on low longs, key position adjustments, and never chasing highs. Bitcoin can be treated as slightly bullish above 68,000, but if it falls below, be cautious; for Ethereum, 2,080 is the short-term lifeline; if it cannot hold, run.
Brothers, keep your hands steady, watch the right positions, manage your stop losses, and communicate at any time during trading!#美国非农就业远超预期 $ETH $BTC $BNB 