Good evening everyone, I am Xin Ya. Yesterday's handling was still very good, and the recent market feeling is hot, I couldn't help but recite a poem.

New insights determine the market, Ya's sharp eyes judge the ups and downs
Analyzing the trend knows when to advance and retreat, mastering the stock territory with a trained heart.

Let’s do a simple review,
On the evening of the 25th, Bitcoin reached a high of 77800, precisely peaking at the upper resistance of the previous one-hour center. This is also where the four-hour EMA120 and 144 converge. At two in the morning, the one-hour MACD fast and slow lines showed a dead cross, corresponding to a price around 77500. The night session was completely dominated by bears, and the buying at five and seven o'clock couldn't hold against the pressure. However, by eight in the morning, Bitcoin was under pressure again at 77300, with four consecutive one-hour bearish candles; the price couldn't go down, but the afternoon buying couldn't support it either, as pressure started around 77000. The day's consolidation range was around 76400-77800, with very small fluctuations.

The current market is like this, a stagnant pool, no one dares to stick their neck out, and everyone is even more afraid of becoming a stepping stone. Below, the daily MA144 is around 76200, and the daily EMA120 is around 77600. They are very close together. This indicates that mid to long-term divergences have already appeared. Combined with recent developments, where various platforms have enforced strict traffic limits, hinting at potential bans, based on past trends, larger fluctuations are likely to occur soon.

Regarding the future market, we need to watch the situation around 76000. There may be a small rebound here. However, after the rebound, it can continue to fall.
Everyone should pay close attention to these divergent positions:
Above: 77300, 77800, 78800
Below: 76200, 75500, 74800

The current position is quite awkward, situated at the continuation of the upward channel that began in February, as well as the downward channel that started in late April.
However, due to multi-level resistance above, central pressure, and the moving averages not having stood up for a long time, the potential space below is greater than above. It is advisable to enter at key positions with appropriate stop-loss levels. After a few days of fluctuations, the associated risks are relatively high.

Opportunities for lateral movements are becoming increasingly scarce. Repeated short positions relying on 77800; aggressive traders can manage positions and currently enter to go left side, adding positions at 77800. The viewpoint remains unchanged since yesterday, looking below at testing 76000, and the direction of the future market will depend on the testing situation. Yesterday's upward test did not continue, and it will also be difficult to test above today.

Ethereum has been running in the upward channel since February but is being pressed below the lower boundary of the downward channel that started in April. Last night, the market first tested upward, turning at 2135, with a downward test around 2086 turning back to test the divergence at 2135. At six in the afternoon, there was a large bullish bar on the one-hour chart; this deliberate pulling up feels like a premeditated action, which can both clear out some people and deter others. 2127-2147 is the strong resistance zone from late May, and there's further strong resistance at 2168. I believe after this test, it will test again and hit a low of this week. It will then continue to oscillate within the low reached.

Positions of divergence remain the same: 2080, 2100, 2135.
Just go short thoughtlessly near 2135, and increase positions passively.

Advance together with Xin, synchronize by following the public account: Xin Ya discusses the concepts.

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