One year of Qingming, one thought of distant remembrance; gentle breeze and light rain carry mourning, and the heart’s lamp shines brightly like a silk ribbon. Many still remember the crypto market crash during last year's Qingming Festival, and were scared off by the market plunge.

Last week, Bitcoin remained in sideways consolidation with virtually no liquidity. Meanwhile, geopolitical conflicts kept flaring up and ceasing fire, and Trump kept drawing K-line charts, causing the market to fluctuate slightly within a range. Currently, the market is tentatively testing the 70k level — the biggest move since last week — rising from around 67,000 to nearly 70,300, an increase of about 3,000 points. It is now consolidating above the high of 69,500. The key focus is on the daily resistance near 72,000; tonight’s US stock market has a high probability of opening higher, so beware of a second surge.

BTC trading suggestion: short at 706-710, add to short at 71700, stop at 72400, target 69,000, if broken look for 68,100-67,400.

ETH trading suggestion: short at 2182-2197, stop at 2240, target 2125, if broken look for 2085-2033.