Currently, from the monthly perspective, Bitcoin has risen to around 73880 after breaking the previous historical high of 69000. The trend in the past six months has been a rise followed by fluctuations and declines, with a retracement to the Fibonacci 61.8% level (51558). After confirming effective support through a second dip, it began to rebound and has recently tested the previous high near 73880 again. The monthly line has closed with a large bullish candlestick, but the body of the candlestick did not break through the previous high, so a further pullback is inevitable unless there is decisive news that could change the trend.
Ethereum's performance is even less satisfactory compared to Bitcoin's previous high of 73880, as Ethereum should be around 4000, but has not been able to touch above 3000 since breaking below it. This month, Bitcoin's strong performance has surprisingly formed a bearish continuation pattern, indicating that Ethereum is in a fluctuating range, consolidating around 2700-2400. Currently, two points need attention: Fibonacci 50% above (2877) and 38.7% below (2425); if broken, one can pursue further!
From the daily level, after Bitcoin touched the previous high around 73800, it started to retrace after failing to stabilize through a second top test. It is currently fluctuating around the key support level of 71500, with a second wave breaking down to the level of 69000. The current support is 69000-68000, and the resistance level is 70000-71000. If the daily line closes and the body breaks below 68000, the price will again decline to the 66000-63000 region. Ethereum's recent trend has been relatively regular, fluctuating between 2700-2400, with resistance above and support below; if broken, one can pursue further!
Looking at the 4-hour chart, Bitcoin and Ethereum are both in a state of rising followed by declines. The next support for Bitcoin is around 69000-68500, if broken, it will look at 66000; for Ethereum, the levels are 2450 and if broken, it will look at 2400. Subsequent operations still suggest continuing to take aggressive short positions, as the aggressive short positions given in the past few days have all successfully taken profits!
Operational idea: Aggressive short!
Short Bitcoin at 69600-70000, target 78500-67500, stop loss above 70500;
Short Ethereum at 2520-2540, target 2460-2400, stop loss above 2580;
