Yesterday showed an overall retracement, after a slight fluctuation, it fell below the 70,000 mark again at midnight, with the bottom around 69,700. Currently fluctuating above 70,000, the strength of the bears is continuously increasing, and the overall trend has started to turn downwards. In the following morning, participation can still revolve around low buys!

From the current trend, after a wave of unilateral retracement yesterday, there was a slight rebound in the early morning, but the strength of the rebound is not very strong, so in the morning it may turn down again after this rebound. From the hourly level, the K-line has already fallen below the moving average support, and subsequent consolidation is also quite difficult, so the short-term remains in a downward state, and the morning outlook remains unchanged.

In the morning, Bitcoin is around 71,000-71,200 short, with a target around 59,000; Ethereum is short around 2,550, with a target around 2,500 $BTC $ETH