Bitcoin swing short around 76k, layout below 60k!

Today's idea is very simple: Bitcoin starts to set up swing short positions around 76,000, aiming to break below 60,000, which will also be the position to prepare for buying in spot, the last wave of a big correction in the bear market.

On the weekly level, the rebound has already reached the middle band of the Bollinger Bands, and the daily bullish volume continues to be insufficient. The KDJ and RSI are in overbought territory and turning downward, and the MACD volume continues to shrink. On the 4-hour level, the upward channel, since the rebound to the high of 78,300 and subsequent pullback, if it falls below 73,500, the market will form a head and shoulders top, with around 73,500 as a strong support. On the hourly chart, the market needs a pullback, and the bears are starting to gather strength.

On the left side, look for opportunities to short around 76,000; on the right side, for more conservative traders, wait until it breaks below 73,500 before chasing shorts. The target for this swing short is initially below 60,000, and if it breaks, then around 55,000.

For Ethereum intraday short-term trading, the focus remains on going short. Participate in shorts around 2,350, 2,400, and 2,450. The highest rebound overnight was around 2,346. Yesterday's idea was to go short; not sure if you entered. For those already short, continue holding. For those not yet short, the plan remains unchanged today: short-term support levels are at 2,250, 2,200, and 2,150. #GatePreIPOs首发SpaceX $BTC