After a high price of 71500 reached during the day, the upward momentum has clearly weakened, and a pullback has arrived, with the price now operating around 71000. Ethereum's daily high touched 2632, and currently, like Bitcoin, it has begun a pullback and has entered a period of fluctuation.

　　From the one-hour technical structure chart, the price channel is oscillating downwards and breaking lower, with signs of an opening down below. However, due to the slow pace, the pullback is accompanied by a repair, with frequent transitions between long and short positions. The form of oscillation downward is already apparent. In the four-hour level, a strong contraction of the operating channel has formed, with narrow pressure on the upper track, and the price is weakening within the box. The bullish volume release is hindered and shows a weak state, and the moving averages have not shown a significant upward reversal. The short cycle also shows a further demand to move lower, with clear oscillations on the short term, and the upward movement has encountered resistance and shows a pullback. In the coming strategy, we mainly focus on short positions.

　　Afternoon Suggestions

　　Bitcoin around 71400 can be shorted with a target of 69500

　　Ethereum around 2630 can be shorted with a target of 2560

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