The evening sell-off can be said to have caught people off guard. The weekly positive candles for Bitcoin and Ethereum turned negative as a result. Looking at the intraday decline, the key is that the MA30 did not generate a bullish signal, instead continuing to push lower. The downward movement of this indicator is a significant restriction for short-term bulls. The Bollinger Bands are currently indicating the same.

From a technical perspective, the 12-hour MA5 is showing a negative trend, and the KDJ, MACD, and BOLL are all showing a bearish resonance again, indicating that the early morning market may face further pressure. In reviewing Bitcoin's recent push above 70,000, it appears to be a round of profit-taking and washing. In the short term, it is crucial to see if the levels of 67,500 and 3,420 can be effectively broken and stabilized. In terms of future operations, it is recommended to focus on shorting during rebounds. Specific points can be referred to as follows:

BTC: Short at 69,000-69,500, with a target of 67,500

ETH: Short near 3,500-3,530, with a target of 3,420

The above suggestions are for reference only. For specific operations, please follow real-time guidance based on actual trading. "Public Account: Mu Feng Looks at Trends" welcomes discussions and learning together!

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