From a four-hour perspective, the Bollinger Bands are trending downward, and the price is currently in a fluctuating downtrend. The price surged in the morning to test the middle band of Bollinger before retreating. The KDJ three lines have formed a golden cross and are moving upwards,

but the J line has turned downwards. The MACD dual lines are turning upwards from a low position, and trading volume is gradually decreasing! The short-term trend is bearish, but there are clear signals of a stop in the decline!

Looking at the US stock market on Friday, it opened high and consolidated at a high position, resulting in a significant drop in the price! However, only a few sell-offs have been monitored on-chain, and it is still in a net inflow state,

Furthermore, I am optimistic about the benefits of the election and interest rate cuts for the cryptocurrency market, so my bullish outlook remains unchanged. For daily operations, I suggest focusing on buying on dips!

Resistance levels to watch above are 69500, 70000, 71000, 72000, and 73000, while support levels to watch are 68000, 67400, and 66400.

11.4 Bitcoin trading strategy: Aggressive traders can buy around 68000, while conservative traders can enter around 67000-67500, with a stop-loss below 66400. The target is set around 69500-70000-71000, with a medium-term target of 72000-73000-74000-75000.

Short position strategy: Short near 71000, with a stop-loss near 71600, targeting around 70500-70000-69500.

11.3 Ethereum trading strategy: Aggressive traders can buy around 2430, while conservative traders can enter around 2380-2400, with a stop-loss below 2330.

The target is set around 2480-2530, with a medium-term target of 2600-2650-2700-2750-2800.

Short position strategy: Short near 2530, with a 40-point stop-loss, targeting around 2480-2450, and if broken, targeting around 2430.

The performance of the US stock market has been too strong with little retracement, and both large investors and institutions are betting on this year's election and interest rate cuts.

Following the trend to position for buying is the right choice! So I am still optimistic about the bulls, everyone should prepare their positions for entry.