Today on Monday, Bitcoin and Ethereum opened with exploration of the lows and quickly rebounded. The bulls showed strong momentum, eventually breaking through 73000 to reach around 73200 (Bitcoin) and 2200 (Ethereum). Subsequently, a pullback signal was given and the bears began to counterattack.

In the previous post, I also mentioned that if the coin price could hold steady at 72000, there would be a short-term new high. Currently, all predictions have been verified. The coin price is currently running around 72400.

From a technical analysis perspective, looking at the hourly chart, the bulls have stalled and the bears are taking over. There is obvious resistance above, followed by a new round of pullbacks. It's advisable to follow the trend and short.

Bitcoin: Short around 72800, targets 71900-71400
Ethereum: Short around 2200, targets 2130-2100