$BTC $ETH

At noon today, three large bullish candles shot straight up, with the price breaking through last week's high and reaching around 74,400.

Subsequently, the bulls paused, and the bears took control. After three hours of fluctuation, the price dipped to about 72,800. Currently, it is trading near 73,500.

From the hourly chart, technical analysis shows that in the afternoon, the bulls halted their advance and the price began to decline, eventually breaking below 73,000, indicating that bullish momentum is weakening.

As the US market approaches, if the price cannot hold above 74,000, a significant retracement is expected. The key support level to watch is around 72,000. Conversely, there is potential to reach the highest levels. Given the current trend, bears hold the advantage. It is advisable to follow the trend and short accordingly.

Ethereum is moving in sync.

Short on Bitcoin around 73,700, targeting 72,500-72,000

Short on Ethereum around 2,290, targeting 2,200-2,170