Bitcoin and Ethereum Market Analysis and Trading Strategies

1. Market Review and Technical Pattern Assessment
Yesterday, Bitcoin maintained a mostly sideways trend. After testing the 70,000 USD round number resistance, it faced selling pressure and pulled back, finding support around 66,000 USD before stabilizing. This indicates that the current market has not yet formed a clear breakout and remains in a range-bound consolidation phase.
From the four-hour chart perspective, the price is currently trading within the lower band of the Bollinger Bands, which are narrowing, suggesting that short-term volatility may contract and the market is facing a decision on direction. In terms of candlestick structure, consecutive small bearish candles have appeared, indicating that the upward momentum is weakening, and there is a short-term tendency for further downward retracement. Based on the current technical pattern, a bearish bias is recommended for intraday trading, with attention to the continuation of any pullbacks after resistance.
2. Short-term Trading Strategy Reference
BTC Short-term Short Position Strategy
Entry Range: 68,800 – 69,200
Target Levels: 67,200 / 66,000$BTC $ETH
ETH Short-term Short Position Strategy
Entry Range: 2000 – 2020
Target Levels: 1940 / 1900
3. Risk Reminder
The above strategies are based on current technical patterns and market sentiment. Short-term trading involves significant volatility. It is recommended to adapt flexibly to real-time market changes, strictly follow risk management rules, and control position sizes.