On Thursday early morning, Bitcoin and Ethereum continued the downward trend from the previous evening, presenting a continuous bottom-probing pattern overall. Bitcoin probed as low as 70,456, followed by a slight rebound and then another decline; Ethereum weakened synchronously, falling from a high of 2,219 all the way to a low of 2,150. At midnight, Coach Hao provided a pre-emptive short strategy after the rebound, with the market performing as expected, successfully guiding students to enter Bitcoin shorts at 71,824 and exit with profits at 70,941, steadily securing 900 points of profit.

From the daily chart perspective, the previous strong pattern of eight consecutive green candles has turned into two consecutive red candles with pullback. Currently, the decline has partially recovered the previous gains, but the chart has not yet shown a clear reversal signal for bulls and bears. The daily midline track and the $70,000 support level coincide, which is the key multi-empty watershed that needs to be closely monitored going forward. From an indicator standpoint, KDJ death cross is extending downward, and bearish volume continues to expand into new lows. Shifting to the hourly chart, price has entered a consolidation repair phase after a strong five consecutive red candles, but the short-term consolidation has not changed the pattern of the Bollinger Bands three-track continuous downward opening, with bearish momentum currently dominating the market trend.

Based on the current chart structure, Thursday morning continues to maintain the short strategy after rebound. Bitcoin can position short orders around 72,000, targeting the $70,000 support level first; Ethereum should focus on short opportunities around 2,230, targeting the 2,100 area. In operations, it is necessary to closely monitor the outcome of the $70,000 level. If the daily midline support is broken effectively, bearish space is expected to open up further. #Gate13周年全球庆典 $BTC