Evening Thoughts

Bitcoin experienced a significant pullback previously and has now gathered momentum for another rally. Selling pressure has also decreased relatively, however the previous high of 74000 remains a considerable resistance level, and breaking through it won't be that easy! Short positions can be placed around 74500-74000.

Bitcoin's current bullish trend remains very strong, so if going short, we need to wait for this upward trend to consolidate first!

Looking at the current price action, it exhibits a "bullish pennant" breakout pattern, and the resistance above is very significant with strong suppression.

Therefore, I recommend setting the short position range around 74500-73500! This is the current analysis result based on the existing trend. Market conditions can change at any time, and I will continue to track my layout strategy accordingly!

Operation Suggestions

Bitcoin around 73200 target around 71000
Ethereum around 2150 target around 2080