Bitcoin Market Analysis: Bitcoin has been oscillating and rising during the Asian, European, and American sessions. After effectively stabilizing above the $70,000 mark, the price gradually oscillated upwards. Upon breaking through the $71,000 mark, the bulls continuously tested the $72,000 mark, but faced strong resistance at this level, which had previously caused several pullbacks. In the short term, the price has been continuously rising along two major moving averages, but the momentum is relatively weak. Subscribe to the public account: Financial Retail Investors Alliance. Short positions near the resistance level during the American session are still held. If a breakthrough occurs, stop-loss should be implemented in a timely manner. If the adjustment continues, the target range remains at $70,500-$70,800. Similarly, Ethereum has a short position near $3,600, with continued losses expected to target around $3,550. For those who are uncertain about technical market analysis and news interpretation, or are holding losing positions, they can discuss with Mr. Jin.

Bitcoin Short-term Resistance Levels: $72,000/$72,500 Short-term Support Levels: $70,000/$69,500

Ethereum Short-term Resistance Levels: $3,600/$3,650 Short-term Support Levels: $3,550/$3,500

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