$BTC BTC dropped significantly from 74130 around 6 PM yesterday afternoon, and continued falling until early on the 18th when it found support near 71060. The price has since gradually stabilized and is currently trading around the 71070 level.

BTC is currently maintaining a narrow range oscillation and consolidation on the 4-hour timeframe, with price compressed around 71000. However, on the daily timeframe, after breaking below the earlier short-term support band, it continues to be pressured by shorter-cycle moving averages and maintains narrow range consolidation. The daily trend shows a slight bearish bias. On the hourly timeframe, shorter-cycle moving averages are beginning to gradually turn downward and diverge, maintaining a relatively weak trend. The movement is slightly cautious. Our trading strategy remains to short at higher levels whenever possible. In summary, we can follow the trend and go short.

BTC: Short around 71430, target 70430~69930
ETH: Short around 2228, target 2150~2170