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Hey guys, Happy Lantern Festival!
Bitcoin surged to 70100 in the early morning but faced resistance and pulled back, currently hovering around 68800. Two attempts to reach the 70000 level failed, the rebound is weak, indicating no reversal signal.
The hourly Bollinger Bands are pointing downward, indicating bearish momentum. Resistance remains unbroken, so any rebound is an opportunity to short.
Bitcoin: Short around 69300-70100, target 68000-66000
Ethereum: Short around 2050-2090, target 1950-1850$BTC $ETH