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Jingci Gu: Bitcoin/Ethereum surged early and then pulled back. Short positions were taken. Watch the short-term support below.
Bitcoin/Ethereum prices are currently above 70,800 and 2,080. Decisively enter short positions with this mindset. The market almost hit the nephew with the concubine. Currently, the price has pulled back from the high and fallen to around 67,300 and 1,993, gaining 3,500 points and 85 points of space. The market is retreating quickly, so there's no need to rush into long positions. This has also been mentioned in the comments during the pullback. The hourly chart is still in a retracement phase, and the trend has further room to decline. Short-term support levels are at 66,000 and 1,940. Once support is confirmed, consider entering multiple long positions again. On the 4-hour technical indicators, Ethereum's high points around 2,200 and 75,000 serve as secondary peaks, with downward pressure causing further lows. The mid-line resistance has shifted down to around 2,100 and 72,000, indicating a continued short-term downward trend. During this retracement, focus on the support levels below.
Trading suggestions: Buy near 66,500 to 67,000 for Bitcoin, with a target around 69,000; buy near 1,950 to 1,970 for Ethereum, with a target around 2,050.