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From a technical perspective, the current rally is merely a weak correction, not a trend reversal.
While the 4-hour level shows rapid upward movement, the continuous upper wicks face significant pressure above, and the price has failed to effectively break above the Bollinger Band upper rail. The Bollinger Bands maintain a downward opening structure overall, the bearish structure remains intact and has not been broken.
Trading strategy remains clear: follow the trend with high shorts as the main approach; rallies present good shorting opportunities. Key focus is on detecting pressure signals at critical resistance levels, avoiding blind chasing of longs.
Bitcoin: Short near 71000-71800, targets 70000/69000/68000
Ethereum: Short near 2150-2190, targets 2080/2000$BTC $ETH