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The crypto circle is never short of turbulence, and every fluctuation is the drumbeat of destiny. Short-term lows need not discourage; all dormancy is but preparation for the next higher leap. On Thursday morning, Bitcoin dropped slightly from 71327 to 70772 and began rebounding, showing minor fluctuations around 71000. Ethereum's morning trend showed minor fluctuations around 2170.
Short-term bearish sentiment dominates. The current stage is merely a technical rebound within a downtrend with no effective reversal signals seen yet; the downside pattern remains unchanged. Prices are weak at high levels, bearish moving average alignment continues to exert pressure, and repeated attempts to break through key resistance have failed, with upside momentum essentially exhausted. Weak rebounds and continued bearish pressure.
BTC: Suggested short around 71800-72300 Target around 70000-70500
ETH: Short around 2180-2210 Target around 2100-2120