The market broke through the 63,700 resistance level and has been ranging sideways above 64,000 for one day—stubborn and rigid. The rally is propped up by piling into contracts; it’s basically not very useful. In a bull market, it’s always the spot market that drives the move.

Keep defending 63,700—if you are continuing to defend the 63,700 short after 65,400, and you haven’t added to the position behind it. From 63,700, you can break even and exit first. Or if you haven’t managed to hold above 64,700 yet, you can go for it and try to take profit within 63,000.

The market is a bit messy; volume is low over the weekend. It may end up ranging and rising again. For ETH, keep shorting at 1,830; add to the position at 1,862, take profit at 1,798, and stop loss at 1,900. For BTC, a cautious short can be set around 66,700. $BTC ‌