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Morning Analysis
Four-Hour Level
Bitcoin faced resistance at 70,000 and has been consolidating and declining. The rebound is gradually weakening, with MACD and KDJ showing bearish signals. There is still room for further decline in the short term, and the intraday trend is expected to continue downward.
Hourly Chart Level
Price has pulled back, and trading volume has decreased. There is significant selling pressure above, and bullish momentum is waning. Yesterday's rally was merely a rebound, not a reversal. The strategy is to mainly short on rebounds.
Trading Recommendations
Short around 67,800-68,300 for Bitcoin, targeting 65,000-65,500
Short around 2,050-2,080 for Ethereum, targeting 1,900-1,930