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Daily chart Bitcoin has two consecutive bullish candles around 70,000. After dipping to around 66,000, the market started to rebound. Currently, it is again facing resistance at the top of the box structure around 71,500 and pulling back. The current resistance level is 70,800-71,500, with support at 68,500-65,500; Ethereum on the daily chart also shows two consecutive bullish candles near 2,030. After dropping to around 1,920, the market began to rebound, testing the 2,080 resistance level before pulling back. Overall, it remains within the box structure of 1,800-2,150, with current resistance at 2,080-2,150 and support at 1,980-1,920-1,850.
On the 4-hour chart, Bitcoin and Ethereum are both testing the middle resistance level, then facing resistance and pulling back. Considering tonight's CPI data, the recommendation is to continue short near resistance levels!
Trading ideas:
Short Bitcoin at 70,300-70,800, targeting 69,000-68,000, with a stop above 71,500.
Short Ethereum at 2,040-2,060, targeting 1,980-1,920, with a stop above 2,100.
Strategies are time-sensitive; specific guidance will be provided privately in real-time!