3.8 Bitcoin and Ethereum Trend Analysis and Trading Strategy!

On the daily chart, Bitcoin closed with three consecutive bearish candles, returning to around 67,000. After breaking above the top of the trading range, it quickly retreated, successfully creating a false breakout pattern on the daily chart. This could lead to a bullish engulfing pattern on the weekly chart. Current resistance levels are 68,000-69,000, and support levels are 67,000-66,000. Ethereum also closed with three consecutive bearish candles on the daily chart, near 1900. The previous bullish move failed to break above the top of the trading range, which was previously emphasized as the only variable in the trend. Current resistance levels are 1980-2050, and support levels are 1900-1850. On the 4-hour chart, Bitcoin's pullback tested the 67,000 support level, which remains valid, with resistance at 68,000-69,000. Ethereum is moving in tandem, testing the 1920 support level, which is also valid, with resistance at 1980-2050. The current market is consolidating sideways. Consider shorting near resistance levels and going long near support levels. Trading Strategy: Short Bitcoin at 68000-68500, target 67000-66000, stop loss above 69500; Short Ethereum at 1980-2000, target 1930-1850, stop loss above 2040. These strategies are time-sensitive; please refer to the homepage for details and receive private real-time guidance.