Bitcoin surged to 71377 intraday, then faced selling pressure and retreated. In the evening, the bears continued to break levels, with the lowest testing around 69281; Ethereum weakened simultaneously with relatively mild declines. We proactively positioned for high shorts and fully liquidated across both coin pairs, accurately timing the moves.

From a chart perspective, the daily broke below the mid-line and pierced the 70,000 level, indicating clear short-term weakness; the 4-hour formed a double-top structure, with consecutive upper wicks and three consecutive bearish candles, suggesting a bearish pattern. News impacts are only short-term influences; the market will eventually revert to technical trends, and our bearish outlook remains unchanged.

Bitcoin: Short on rallies around 70800-71600, targeting 69300-67800; if broken below, then aim for 65800.
Ethereum: Short on rallies around 2160-2200, targeting 2100-2010.