Daily timeframe: Over the weekend, bulls are making slow incremental progress with prices gradually testing levels. After breaking through the Bollinger midline, price has been maintaining a position between midline and upper band. While the trend appears stable, upside momentum is clearly weakening. Friday's surge left a long upper wick, merely a probing puncture of resistance without effectively opening upside space.

The previous 74000 zone shows extremely strong resistance, serving as a critical bull-bear dividing line. If unable to achieve an effective breakthrough, the structure is highly prone to forming a double top pattern; once a double top is confirmed, price will likely initiate a new round of accelerated decline with significant retracement.

Do not be misled by short-term rebounds; the major direction remains bearish. Early session rallies are essentially technical corrections following the major decline, without changing the overall downtrend structure.

BTC: Short near 72000-72800, targeting 70000-69000 below

ETH: Short near 2120-2160, targeting 2060-2000 below

Monitor conditions near support levels; if effective breakdown continues lower, otherwise reverse to longs $BTC $ETH