Looking back at the early morning market situation, Bitcoin stabilized around 73,000 after a slight rally by the bulls, briefly surging to the 73,877 level, but still failed to break through the key 74,000 level, and has now fallen back to around 73,500 for sideways trading. Ethereum is moving in tandem with Bitcoin with a weak oscillation, and the bulls and bears are still fighting over the 2,000 level.

Currently, the support level shows a typical downward structure. The daily chart has consecutive bearish candles, with the body under pressure, high points moving lower, and low points continuously being refreshed. In the short term, the price remains below the moving averages, which are diverging downward in a bearish arrangement, with heavy resistance in the 74,500-75,000 range above. The four-hour Bollinger Bands are opening downward, indicating a clear downtrend channel. The price remains under short-term moving averages with no effective reversal bullish candles, showing that the bears are firmly in control. Therefore, the early morning strategy is to follow the main idea from the early morning analysis for trading.
In the early morning, short Bitcoin at 73,700-74,200 with a target around 72,000.
In the early morning, short Ethereum at 2020-2050 with a target around 1900.

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