Given this market environment, our core strategy today is "don't shoot until you see the whites of their eyes," with a sharp focus on the 4-hour K-line closing patterns to confirm the next directional move.
Let's start with Bitcoin. Today, the key level to watch is 79,100. Only when the 4-hour K-line closes firmly above this level can we consider the pullback truly over, with bulls regaining the upper hand. If this level holds, we can look for light short positions near the resistance zones of 80,100, 81,200, and 82,500. Conversely, if Bitcoin fails to close above 79,100, it signals weak short-term bullish momentum, and the market will likely continue its correction. In that case, don't rush to buy the dip; instead, patiently wait for opportunities to go long near the support levels of 78,000, 76,600, and 75,600.
Now for Ethereum, the logic today is similar to Bitcoin, with the key defense level at 2,470. Only a 4-hour close above 2,470 would signal the end of this pullback. If it stabilizes, we can consider light short positions near 2,540, 2,605, and 2,655. However, if the 4-hour K-line fails to close above 2,470, it suggests the market is still searching for a bottom, and we should focus on long opportunities near 2,430, 2,390, and 2,355. Tonight at 23:45, Fed Governor Barr's speech, and tomorrow morning at 05:00, Nvidia's earnings report—both events could have a significant impact on the market.