$BTC Bitcoin dropped significantly from 74130 starting yesterday at 6 PM, and continued falling until the early morning of the 18th when it found support near 71060. The price has since gradually stabilized and is now trading around the 71070 level.

Bitcoin is currently maintaining a narrow-range oscillating consolidation on the 4-hour chart, with price compressed around 71000. However, on the daily chart, after breaking below the previous short-term support zone, it continues to face pressure from short-cycle moving averages and is maintaining narrow-range oscillation, showing a bearish bias on the daily timeframe. On the hourly chart, short-cycle moving averages are beginning to gradually turn downward and diverge, maintaining a weak momentum. The movement is somewhat cautious, so our trading strategy remains to short at higher levels as much as possible. In summary, we should trade with the trend and follow the bearish momentum.

Bitcoin: Short near 71430, targets 70430~69930
Ethereum: Short near 2228, targets 2150~2170