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On the hourly chart, the market is operating in the upper band of the Bollinger Bands, with the upper band exerting continuous pressure. The upper shadow of the candlesticks keeps appearing, indicating a very ideal shift in market bearishness. The MACD technical indicator shows that the previous golden cross pattern is gradually turning bearish, with the bullish histogram decreasing step by step. The market's bearish trend is gradually warming up.
Combined with the strong resistance around 69,500 for Bitcoin given late yesterday evening, several upward attempts have failed to break through effectively. Therefore, the subsequent strategy will continue to follow the plan from last night without change!
Tuesday morning trading advice:
Short around 70,200-69,500 for Bitcoin, targeting 67,000-66,000
Short around 2,030-2,050 for Ethereum, targeting 1,880-1,920!