Bitcoin has attempted multiple times to break higher, ultimately facing pressure at the 74,800 level and pulling back. It explored lows near 70,800 in the evening. We positioned early with a high short strategy, successfully capturing both Bitcoin and Ethereum!

From the chart perspective, the 4-hour level shows consecutive bearish candles with weakness, breaking below the previous mid-track key support. Currently, while the price shows signs of exploring lows with a reversal candle and minor stabilization, overall volume is insufficient with limited rebound strength, making effective recovery difficult. The hourly level shows even more pronounced weakness, with Bitcoin forming five consecutive bearish candles followed by minor bullish correction before turning weak again. The price remains closely attached to the lower track continuing to probe downward. Market sentiment is gradually shifting toward bear dominance.

On the daily level, the moving averages have turned downward, with previous support now converted into reverse resistance. There is still room for adjustment below. In the short term, focus on the 70,000 support level. Operationally, we continue to follow the trend with high shorts as the main strategy.

Bitcoin rebound resistance around 72,100-72,900, support below at 70,000-69,300
Ethereum rebound resistance around 2,230-2,270, support below at 2,120-2,060$BTC $ETH $SWELL $ORDER $U2U