Daily chart Bitcoin hits a new low and closes around 75,700. Currently, the rebound is still weak, with resistance at 77,000-79,000 and short-term support at 75,000. If it continues to decline, watch the 70,000 level. Ethereum's rebound is also weak, but the close remains above the support at 2,230, with resistance at 2,280-2,350. If it breaks below support, the next target is around 1,800.
On the 4-hour chart, Bitcoin experienced a brief correction after an oversold condition but continues to hit new lows. Currently, it is suppressed at 77,500-79,000 with support at 75,000. Ethereum is similar; after an oversold correction, it continues to decline. Support is at 2,200, with resistance at 2,300-2,370.
Previously, a long-term strategy was set for Bitcoin and Ethereum at arbitrary points for short and medium-term shorts. All targets at 75,000 and 2,230 have been fully realized. It is recommended to continue mainly with high-position shorts.
Trading ideas:
Short Bitcoin at 77,500-78,000, targeting 76,000-75,000, with stops above 79,000.
Short Ethereum at 2,320-2,350, targeting 2,130-2,230, with stops above 2,390.
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