In the afternoon, after a period of consolidation, both Bitcoin and Ethereum saw a rebound. The rebound was in line with our expectations, but Bitcoin's strong breakout exceeded our expectations. The rebound also cleared out the short positions we set near 69730 and 3521 during the afternoon. The defensive positions for Bitcoin and Ethereum are at 70300 and 3570, respectively. The loss for the short position is 570 points for Bitcoin and 49 points for Ethereum. In this market, there are no undefeated generals, and I am not a deity. I admit my mistakes and stand firm against criticism. I am not afraid to express my views. Only clear views can help you understand. Strength can only be forged through actual performance. We have always had opportunities to make a comeback.

Currently, there is a clear sentiment of resistance to decline at all levels, and the expectation of the bulls regaining lost ground is growing stronger. The 4-hour timeframe is in the midst of a bullish volume. However, in terms of space, the release of momentum is relatively small. There is a need for short-term consolidation and accumulation of strength. Looking at yesterday's high and retreat, with each high point, there will be a corresponding pullback. The current market has entered a long high-level stage, which means the trend has turned bullish, but the sustainability of the space is still a problem. Each rise will be followed by a pullback, and after multiple repetitions, there will be a corresponding space retracement. However, it is currently in a slow rise and pressure-building phase, so it is not advisable to guess the top too early. First, follow the trend, buy on pullbacks, and observe the continuity of the bullish trend.

You can directly go long near 70000 for Bitcoin, with a target focus on 71000-71500. For Ethereum, you can go long near 3550, with a target focus on 3650.

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