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Over the past 12 hours, Bitcoin has shown a beautiful rebound! Early this morning around 02:00, the coin price was hovering around 68800, then the bulls started to gain momentum, rising with fluctuations throughout the morning, reaching a high of 71366 around 07:00. Currently, the coin price is stable around the 70899 level.
From the K-line perspective, the coin price has broken through the resistance of 70245 and 70281, steadily rising along the 70787 moving average line. Short-term moving averages are beginning to diverge upward, forming a bullish pattern. The MACD indicator is continuing to diverge upward after a golden cross below the zero line, with red columns continuously expanding. Short-term recommendation is to short, as the bearish trend is evident currently, and counter-trend long positions are not recommended.
Bitcoin: Short around 71279, target 71279~71779
Ethereum: Short around 2188, target 2258~2278