During the day, the market surged from around 69,700 to near 71,600, then the bears pressured the price back down to around 67,200; on the four-hour chart, the bulls are shrinking in volume with significant resistance above, while on the hourly chart, the bears are increasing in volume, leading to a clear downward break. Trading Recommendations Short positions around 70,000-70,500 for Bitcoin, with targets near 67,000-67,500 Short positions around 2,070-2,100 for Ethereum, with targets near 1,920-1,950
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Evening Analysis
During the day, the market surged from around 69,700 to near 71,600, then the bears pressured the price back down to around 67,200; on the four-hour chart, the bulls are shrinking in volume with significant resistance above, while on the hourly chart, the bears are increasing in volume, leading to a clear downward break.
Trading Recommendations
Short positions around 70,000-70,500 for Bitcoin, with targets near 67,000-67,500
Short positions around 2,070-2,100 for Ethereum, with targets near 1,920-1,950