$BTC Bitcoin dropped significantly from 74130 starting at 6 PM yesterday afternoon, and continued until the early morning of the 18th when it found support near 71060. The price has since gradually stabilized and is now fluctuating around the 71070 level.

Bitcoin is currently maintaining narrow-range consolidation at the 4-hour level, with the price temporarily compressed near 71000. However, on the daily chart, after breaking below the previous short-term support zone, it continues to be pressured by short-cycle moving averages and remains in narrow oscillation, showing a bearish bias on the daily timeframe. On the hourly chart, short-cycle moving averages are beginning to gradually turn downward and diverge, maintaining relatively weak momentum. The movement is slightly cautious, so our trading strategy remains to short at higher levels. In summary, we should follow the trend and trade short positions.

Bitcoin: Short near 71430, target 70430~69930
Ethereum: Short near 2228, target 2150~2170