Bitcoin yesterday formed a bullish daily candle with a strong upward move, accompanied by three consecutive bullish days creating a one-sided trend, initially confirming a secondary high point. Currently, it is in a brief retracement phase, retracing to the 80k level and stopping, then gathering strength again to probe higher to 80,500 with oscillation and consolidation. The high-altitude short-selling strategy we emphasized also fits perfectly. Currently, the resistance levels at 805-810 are relatively strong in recent times. If it cannot stabilize above these levels, the market will continue to test the lows at 785-780. A more conservative approach is to short near 805, with a stop-loss at 81,300, and target first at a break below 79,500, then at 78,500.

After Ethereum surged to a high of 2,460 earlier, the market has shown a stepwise downward pattern, with highs and lows continuously moving lower. The weak trend has been confirmed. The current price is just relying on the middle band of the Bollinger Bands for a very weak rebound, without strong momentum for a follow-up rally. The 2,400 level remains a strong resistance. A conservative approach is to short near 2,385, with a stop-loss at 2,400, and initially look for a break below 2,310, then at 2,250.