$BTC Bitcoin fell sharply from 74130 starting yesterday at 6 PM, continuing until early on the 18th when it found support near 71060, after which the price began to gradually stabilize. Bitcoin is currently trading around 71070.

Bitcoin is currently maintaining a narrow range oscillation and consolidation on the 4-hour timeframe, with price temporarily compressed around 71000. However, on the daily timeframe, after breaking below the earlier short-term support zone, it continues to face pressure from short-cycle moving averages while maintaining narrow-range oscillation, showing a slight bearish bias on the daily chart. On the hourly timeframe, short-cycle moving averages have started to gradually turn downward and diverge, maintaining a relatively weak trend in the short-term structure. The movement is somewhat cautious, and our trading approach remains to short at higher levels as much as possible. In summary, we should follow the trend and go short.

Bitcoin: Short near 71430, target 70430~69930
Ethereum: Short near 2228, target 2150~2170