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4.9 Morning: Bitcoin and Ethereum double top are obvious; white session retracement focuses on key support levels.
Yesterday morning and before the US market, BTC surged twice to around 72,700–72,800, with minimal retracement during the white session, then accelerated downward around 72,000 in the early morning;
ETH twice approached 2,270 but faced resistance, with the white session showing high-level oscillation, currently down more than 100 points.
Jingwen wrote this afternoon, clearly mentioning that the white session can be shorted; precisely hitting the 72,000 and 2,260 short entries again!
Forecast for the pre-US market trend: a general pattern of opening high → pushing higher → oscillating and falling back, completely in line with Jingwen’s analysis!
On the current small timeframe, BTC double top short volume is increasing, and both long upper wicks have closed at the 72,000 level, indicating clear resistance at this position;
The hourly MA60 just supports at the 70,000 level, focus on potential breakdown during the white session; 2-hour and 4-hour key support around 69,000.
The daily chart supports around 68,500, and it’s unlikely to drop straight down; there’s still a chance for a rebound on a pullback.
BTC suggestion: short near 71,000, add to short at 71,500, target 70,000–69,000;
ETH suggestion: short near 2,200, add to short at 2,230, target 2,160–2,130.