After Bitcoin rose in the late trading yesterday, the price of Bitcoin directly stood above the 70,000 mark, and then broke through the high of 71,000 in one fell swoop. The price of Bitcoin did not retreat in the early morning, and it remained around 71,000 during the day. The four-hour price was near the 71,000 pressure level. Although the price of Bitcoin has been in a state of oscillation and upward movement, it is currently at the pressure level. The pressure structure has not changed, but it is aggressively going high.

At present, the rhythm of the rise is weak after the retracement. The current retracement relative to the rise of the market is just a retracement repair action after the high. The trend can also be said to be a horizontal fall. Then, the focus is on the 71,000 mark. If the hourly line can effectively break through and stabilize, according to the analysis, I will continue to look at 72,000-73,000; if it continues to be under pressure, the price will pull back and retreat to the 70,000 mark. The recent market has developed in this way. This rhythm will not change before the break. Focus on the market trend in the evening!

Operation suggestions for Wednesday night:

Bitcoin: Short-term pullback to 70000-70500 area, long, look at 71200-72000, after the rebound is confirmed, consider shorting!

Ether: Just follow the same thinking, hold the position well, and take good defense!