Thursday Morning | Tang Long Trading Analysis
After a steep drop in the early morning, the market entered a sideways consolidation. The Fed's speech was generally neutral overall, but market sentiment is clearly weakened.
Market Situation:
BTC rebounded to around 71900 and faced resistance, stabilized after retesting 70400, currently oscillating around the 71000 level;
ETH rebounded to 2225 under pressure, stopped falling after retesting 2150, currently consolidating near 2190.
From a structural perspective:
On the daily timeframe, BTC's large bearish candle directly engulfed the previous gain
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