Evening Analysis


The 4-hour timeframe has entered the battle between bulls and bears. The rebound faces resistance, trading volume is insufficient, and the upward momentum continues to weaken, indicating a predominantly bearish sideways trend.
The major cycle has retreated from the high of 74,000, with the highs gradually decreasing. Currently, it is only a weak correction during the decline, not a reversal.
Trading Suggestions
Short positions can be established around 68,700-69,300 for Bitcoin, with a target of approximately 66,000-66,500.
For Ethereum, short positions can be established around 2020-2050, with a target of approximately 1870-1900.
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