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Bitcoin today dipped to a low of 73,600, falsely broke through 73,800, then quickly recovered. The support level here remains very strong. This is also the key price window for the 4-hour trend reversal mentioned yesterday. Ethereum hit 2,250 and then rebounded, with the price still oscillating around 2,280, returning to the range discussed yesterday.
So next, we will focus on the support strength at these two levels. In the short term, I personally believe there will still be some volatility for a few more hours. Tonight, a spike upward in the US stock market could be an excellent entry point for short positions.
Entry point estimate for Bitcoin is around 75,500. Enter a short position at this level, with a long-term target of 73,800 below. If broken, continue toward 72,200, and in the medium term, look at 68,500.
Ethereum can enter a short position at the spike around 2,330. The target below can be 2,250; if volume breaks through, continue downward to 2,180, 2,050, and around 1,980.
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