Bitcoin has attempted multiple upside breakouts and ultimately pulled back under pressure at the 74,800 level, with the evening low testing near 70,800. We deployed a short strategy early and successfully captured both Bitcoin and Ethereum!

From a technical perspective, the four-hour chart shows continuous bearish candles and weakness, breaking below the previous midline key support. Although price currently shows some signs of bottoming wicks and minor stabilization, overall volume is insufficient with limited bounce strength, making it difficult to form effective recovery. The hourly level shows even more pronounced weakness, with Bitcoin posting five consecutive large-volume red candles followed by minor recovery before turning weak again. Price remains glued to the lower band and continues testing support. Market sentiment has gradually shifted to short-side dominance.

On the daily level, the moving averages are turning downward with previous support now acting as resistance. There remains adjustment space on the downside. In the short term, focus on the 70,000 support level's strength. Trading-wise, we continue to lean toward shorting with the trend.

Bitcoin: Resistance around 72,100-72,900, targeting 70,000-69,300
Ethereum: Resistance around 2,230-2,270, targeting 2,120-2,060$BTC $ETH $SWELL $ORDER $U2U