From the closing situation of the monthly K-line, the rhythm has shown a significant reversal, and the upcoming market trend will experience large fluctuations. Yesterday, the price fell from a high point near 73,000 to below 70,000, currently consolidating around 70,000. Such a large amplitude occurred at the beginning of the market, and there are bound to be many profit opportunities ahead; everyone should be prepared to welcome the market's takeoff.
From a structural analysis, the daily line shows a three-candle correction pattern, with a clear reversal in rhythm, and the historical high points above have not been broken. All indicators are also in a weak running state, so this round of correction may further test the support at lower points.
From the perspective of small cycles and short lines, the weak rhythm is more prominent, and the bulls have not had the opportunity to recover. Overall, it presents a weak form. Therefore, in terms of operation, it is recommended to short around high positions. For friends preparing to buy the dip, it is advisable to continue observing for now.
Operation Suggestions
Bitcoin: Short at 71,000 - 71,200, target towards 68,000.
Ethereum: Short at 2,520 - 2,540, target towards 2,400.
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