From the daily chart, the bulls of Bitcoin have basically reached the top of the downward trend channel. The current pressure is 68,000. It has failed to break through the position after two attempts. Therefore, the pressure here is still very strong. Unless the daily line breaks through the position, the bulls will continue to attack. Then it is only a matter of time before the previous high position breaks through. Otherwise, it will continue to run along the downward trend channel. The overall trend of Ethereum is still weaker than that of Bitcoin. It is currently impacting the pressure of 2700, and the bull counterattack horn of the big trend needs to look at the position of 2877. Therefore, there is another level after breaking through 2700, and the bulls will restart. Otherwise, it will continue to test the 2300-2200 line.
Looking at the 4-hour chart, both Bitcoin and Ethereum have risen and then fallen, confirming the upper pressure several times. There will definitely be a need for a correction in the short term. Therefore, this position is suitable for attempting to layout long-term short orders. It is recommended to mainly short sell for subsequent operations!
Operation idea: short sell near the pressure level!
Bitcoin short at 67300-67800, target 66000-55000, stop loss above 68500;
Short Ethereum at 2630-2650, target 2580-2550, stop loss above 2690;
The strategies are time-sensitive and are based on private, real-time guidance!
