Market Analysis for the 2.6 Day

Bitcoin stabilized and rebounded after dropping to 59,800. The pressure at the 70,000 level remains significant, and the short-term rebound faces resistance; technically, the MACD green histogram is narrowing, and RSI is weakening simultaneously. The 70,000 integer level needs to be tested repeatedly before a breakthrough can occur. Bitcoin and Ethereum are highly correlated, with their movements closely aligned. The main trading strategy today is to focus on short positions.

Core Trading Recommendations

BTC: Short positions within the 71,000-71,500 range, targeting 69,000-69,500
ETH: Short positions within the 2,090-2,120 range, targeting 1,940-1,970