3.4BTC/ETH Market Outlook:

Bitcoin shorted at 68,500 at midnight, reduced positions after 67,500 in the morning to break even, took a 1,000-point loss, the remaining positions have already exited. Today's strategy remains mainly to short on rallies. Since the support below has not been effectively broken, we can only observe whether the resistance above remains valid!

Bitcoin daily K-line Bollinger Bands are flattening and slowing down, KDJ is turning upward, RSI is also turning upward, and MACD bullish momentum continues to expand. Overall, the bullish trend is fierce, but the price has yet to rise significantly, leading to a tug-of-war between bulls and bears with considerable divergence.

On the 4-hour chart, all three Bollinger Bands are opening upward, KDJ shows a golden cross upward, RSI is turning upward, and MACD bullish momentum is decreasing. The price has been retracing but has not broken below the middle Bollinger Band support, so caution is advised for a rebound risk.

The hourly chart also shows a rebound demand, with the middle and lower bands opening upward. The trading approach is to go short at high points, but avoid being too aggressive.

For Bitcoin, the resistance above remains around the 70,000 level, followed by 71,000. Consider short positions around these levels. Support levels below are 68,500, 67,500, and around 66,000.

For Ethereum, resistance above is around 2020 and 2100. Consider short entries around these levels. Support levels below are 1970, 1900, and 1850.