Currently, looking at the monthly candlestick, Bitcoin has risen to around 73880 after breaking the previous historical high of 69000. For nearly half a year, the trend has been a fluctuating rise and fall. It once retraced to the Fibonacci 61.8% (51558) level. After confirming the support's effectiveness through a second dip, it began to rebound, recently again testing the previous high of 73880. The monthly candlestick has once again closed with a large bullish candle, but the entity has not broken through the previous high. Therefore, another correction is inevitable unless there is a decisive news impact to change the trend.

The trend of Ethereum is even less satisfactory. Compared to the previous high position of Bitcoin at 73880, Ethereum should be around 4000. However, since Ethereum fell below 3000, it has not been able to touch it again. This month, Bitcoin has shown such strong performance but ended up in a bearish K continuation pattern, which indicates that Ethereum is in a range-bound consolidation, constantly adjusting around the 2700-2400 line. Currently, two points need attention: the upper Fibonacci 50% (2877) and the lower 38.7% (2425). If the daily candlestick level breaks, one can chase in!

From the weekly candlestick level, after Bitcoin tested the previous high, it closed with an upper shadow bullish candle. The entity has not been able to break the pressure level of 69000, indicating that the upper pressure is still very strong. The lower support level at 68000 needs attention; if broken, it will continue to extend the bearish trend. As for Ethereum, it continues to close with an upper shadow bearish candle, remaining in the 2700-2400 range. If it breaks, one can follow up!

From the daily candlestick level, Bitcoin has closed five consecutive bearish candles. The expected shorts have also progressed smoothly. Currently, we need to observe the support level at 68000. If broken, we will look at the 66000 line. The pressure level can be temporarily considered at 69500. For Ethereum, no further analysis is needed; pressure is at 2500, and support is at 2400!

At the end of last month, the medium to long-term short positions laid out when Bitcoin tested the previous high have basically met expectations, and the shorts have also successfully taken profit. The subsequent recommendation is still to focus on shorting near the pressure level with the continuation of the bearish thought!

Operation idea: Aggressive short!

Short Bitcoin at 69200-69600, target 68500-67500, stop loss above 70200;

Short Ethereum at 2480-2510, target 2420-2380, stop loss above 2540; #美联储利率决议来袭