Reviewing the overnight market, BTC pulled back and tested the 69000 level, which was briefly broken through but then recovered. The relative strength showed a certain continuation of the bullish trend, and the market recovered again to oscillate around 70500, repeating the same market structure as yesterday. For Ethereum, the evening pullback encountered resistance near 2100 where it stopped falling and reversed. The market recovered and moved higher, currently pulling up again to yesterday's oscillation zone, maintaining oscillation around 2160.

Our short positions from yesterday also reached the target prices with precision. BTC captured 1200 points of space, and ETH captured 50 points.

From the current market perspective, the daily chart formed a doji with upper and lower wicks, indicating that the current market's bottom support structure is strong, linked with the previous oscillation and accumulation bottom forming strong support. The trend currently maintains a bearish pressure structure above, with bulls showing volume expansion and contraction. Short-term movement tends toward oscillation. Combined with the four-hour chart, the current pullback to the 69000 bottom formed a second rebound recovery. From the movement perspective, BTC is in a recovery phase moving upward again, but key resistance remains above. Intraday will still be under pressure. The overall thinking remains bearish.

BTC can short at 70500-71000, targeting around 69000. ETH can short at 2150-2180, targeting around 2100. #BTC突破71000美元 $BTC $ETH