Bitcoin retraced yesterday to 73,200, held steady and stopped the sell-off; it then made a V-shaped reversal and surged to 75,500, and is currently consolidating in a high-level range.



Judging from the price action, the resistance overhead is extremely strong. Repeated attempts to push higher have been met with rejection and pullbacks. On the 4-hour chart, a double-top formation is forming; MACD and RSI show bearish divergence at the top at the same time. Bullish momentum is fading, while bearish pressure gradually takes the upper hand.

In summary, the intraday outlook is mainly to short from high levels:

Bitcoin: 75,300–75,800, open shorts in batches
Target: 74,200 – 72,000

Ethereum: 2,360–2,390, open shorts in batches
Target: 2,310 – 22300
BTC1.24%
ETH0.26%
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