Monday midday analysis!

These days, Bitcoin and Ethereum are quite volatile. Many people chase signals as soon as they see them, only to get "burned" back and forth. Actually, the key isn’t the signal itself, but the position.

Previously, Bitcoin showed a bullish signal around 66,372. Many people jumped in to buy, but the resistance at 68,214 was too strong to break through, and there was support below, resulting in a frustrating range where it neither broke up nor down. Chasing longs directly led to being trapped. Afterwards, the market surged but then fell back, breaking below 66,372 and dropping all the way to around 64,707 before stabilizing.

Currently, Bitcoin’s critical range is 66,370-67,077. A volume breakout above this zone could signal a return to a sideways upward trend, challenging 67,740 and 68,210. If it cannot hold this range, a retest of 64,700 is likely, with a potential drop toward 63,000.

$BTC In terms of trading: if volume breaks above 66,510, go long; if it falls below 66,000 and then rebounds but cannot regain the level, consider shorting with strict stop-loss.

Ethereum’s movement is relatively correlated with Bitcoin. $ETH For trading: break above 1,961 to go long; break below 1,935 to go short; if it retests 1,878 and stabilizes, a small long position can be taken; if it breaks below 1,840, stop-loss. There is strong resistance around 2,026; once reached, consider a small short; if it breaks above 2,062, set a stop-loss.

Don’t blindly chase signals—only trade breakouts and breakdowns. Wait until the price stabilizes above resistance to go long, and below support to go short. Holding key levels is more effective than watching a hundred signals.