In the early-morning market, the overall trend still shows a certain oscillating upward structure. The price surged to around 76,500 at its highest in the early morning, then met resistance and pulled back. If it manages to move out into a certain amount of space and then retraces, it could drop to around 75,800 and continue consolidating sideways. Ethereum and the big coin’s price action are basically the same; at its early-morning high, it surged to around 2,340, met resistance, and pulled back. It has never been able to hold above 2,330. Overall, the structure is still bearish. In the evening, do we continue to hold the short positions we entered at the high in sync with us? We should wait for the bears to increase volume.

Judging from the current market, the short-term rebound and surge to highs have not yet provided a further breakout for continuation. After probing higher, the price has shown a certain pullback. Going forward, keep an eye on whether the prior high can further form a top, pushing the next round of bearish volume to expand and drive prices lower. In terms of indicators, a golden cross has led to the bulls increasing volume to some extent and regaining a bit of strength, but overall momentum is not strong. The highs have also shifted lower. Going forward, expectations are for further technical pullbacks. Next, continue to monitor the key market support conditions at the bottom. In terms of trading, it is still recommended to arrange positions around short orders.

The big coin can be shorted at 76,000-76,500, with targets at 74,500-73,800. The big coin can be shorted at 2310-2330? No—Ethereum can be shorted at 2310-2330, with targets at 2280-2250. $BTC $ETH