Bitcoin just broke through the 74,500 level, currently trading near 74,800, but this rally is clearly lacking substance and is not a true strong uptrend. This round of gains is more like a technical correction driven by short covering rather than the start of a new bull market.

In the coming period, the main force is likely to trigger repeated oscillations and wash trades to specifically shake out retail traders chasing highs with high leverage. From the chart, RSI has entered the overbought zone, hourly bearish divergence signals are evident, and there's significant downside pressure in the short term.

BTC recommendation: Take profits in batches above 75,200 on long positions, consider going light on shorts, and add back on pullbacks to around 71,000. No need to force yourself to capture the entire move—protecting profits and securing gains is the core strategy. As long as we fail to hold above 78,000, all rallies are bull traps.

Ethereum similarly rallied to 2,400-2,435 range—try to go short there, watch for 2,350 and 2,300 zones.
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