Thursday Morning｜Tang Long Operational Analysis

After a sharp drop in the early morning, the market entered a consolidation phase. The Fed's remarks were overall neutral, but market sentiment was notably weak.

Market Situation:
BTC rebounded to around 71900 but faced resistance, stabilized after pulling back to 70400, currently consolidating around 71000;
ETH rebounded to 2225 under pressure, stopped falling at 2150, currently consolidating near 2190.

From a structural perspective:
On the daily timeframe, BTC's large bearish candle completely engulfed previous gains, forming a similar "dark cloud cover" structure, while breaking below the 5-day and 10-day moving averages with MACD showing signs of a death cross. Short-term adjustment risks have increased significantly. Key support to watch below is the 70000—70400 zone.

On the 4-hour timeframe, the uptrend has been broken, showing rapid decline and breaking through the Bollinger Bands, indicating strengthening bearish momentum with rebounds appearing more as shorting opportunities.

Operational Strategy:

BTC:
Consider short orders in the 71500—72000 range
First watch the 70000 level
Wave segment focus on 68600

ETH:
Consider short orders in the 2210—2240 range
Target 2170—2120
Wave segment focus on 2000

The above is personal analysis for reference only. Actual operations should follow intraday rhythm, pay attention to position sizing and risk management. #Gate13周年全球庆典 #美联储利率决议 #英伟达GTC2026大会召开 #Grayscale质押1.92万枚ETH #七大央行利率来袭 $BTC $GT $ETH