Bitcoin around 76k, layout for a swing short, break below 60k!

Today's idea is very simple, Bitcoin is starting to set up swing shorts around 76,000, aiming to break below the 60,000 level, which will also be the position to prepare for buying in spot, the last wave of a bearish correction.

On the weekly level, the rebound has already reached the middle band of the Bollinger Bands, the daily bullish momentum remains insufficient, KDJ and RSI are in overbought territory and turning downward, MACD momentum continues to shrink. The 4-hour upward channel, since the rebound to the high of 78,300 and subsequent pullback, once it falls below 73,500, the market will form a head and shoulders top, with around 73,500 as a strong support. On the hourly chart, the market shows a retracement demand, and the bears are beginning to gather strength.

On the left side, look for opportunities to short around 76,000, while on the right side, for more conservative traders, wait for a break below 73,500 before chasing shorts. The target for this swing short is initially below 60,000, and if broken, then around 55,000.

For Ethereum intraday short-term, the main focus remains on going short. Participate in short positions around 2,350, 2,400, and 2,450. The highest rebound overnight was around 2,346. Yesterday's idea was to go short; not sure if you entered. For those already short, continue holding. For those not yet short, today's plan remains unchanged: short-term support levels are at 2,250, 2,200, and 2,150.