Bitcoin repeatedly tested upward at multiple levels and ultimately faced pressure and declined at the 74800 resistance level. In the evening, the low explored near 70800. We laid out a short bias strategy in advance, and successfully captured both Bitcoin and Ethereum!

From the chart perspective, the four-hour level has shown consecutive bearish candlesticks with weakening momentum, breaking through the previous mid-track key support. Although the current price shows signs of capitulation wicks and minor consolidation, overall volume is insufficient with limited rebound strength, making it difficult to form effective recovery. The hourly level shows even more obvious weakness, with Bitcoin showing five consecutive negative candlesticks with volume expansion. After minor bullish recovery candles, it turned weak again, with price continuing to test along the lower track. Market sentiment has gradually shifted to short-side dominance.

On the daily level, the moving averages have turned downward, with previous support now acting as reverse resistance. There is still room for adjustment below. In the short term, focus on the 70000 resistance level. Operationally, we continue to follow the trend with short bias as the main strategy.

Bitcoin: rebound resistance near 72100-72900, downside target 70000-69300
Ethereum: rebound resistance near 2230-2270, downside target 2120-2060#Gate13周年全球庆典 $BTC $ETH