Bitcoin and Ethereum have surged again in the evening, with prices hitting the 63000 and 1800 levels respectively. For those who entered short positions earlier and did not exit in time, they can only close with a small stop-loss. At present, using a small loss to bet on a deep pullback offers a favorable risk-reward ratio for trading.

After the rally, the market did not quickly retrace, and the short-term bullish momentum remains strong. However, the resistance zone above is clear—Bitcoin at 63500-64000 and Ethereum at the previous high of 1850, where there is heavy selling pressure. Among them, 63500 is a key top-bottom transition level. As prices approach this range, avoid blindly chasing longs; Ethereum has repeatedly surged, exhausting its bullish strength. Once it turns downward, the pullback space could be more significant.

One can go short near Bitcoin's rebound to 63000-63500, targeting 62000-61500.
One can go short near Ethereum's rebound to 1790-1820, targeting 1710-1650.$BTC $ETH #ETH突破1700