Yesterday, Bitcoin surged as bulls took charge at the daily closing line, with the price rising from 68500 to above 71000. During the European session, the price experienced a pullback, reaching a low of 69200, but the bears did not extend further. It quickly surged to a new high of 71700 on the hourly chart, and in the early morning, the price entered a correction phase, currently running around 69900.

From yesterday's market performance, the price did not show a one-sided trend; the alternating highs and lows were quite tense. As the saying goes, 'amateurs watch the excitement, while professionals see the essence.' For most of the time, the market displayed an upward trend, but looking at the current price, it is still operating within the area of yesterday's starting point. The hourly chart also shows a clear M shape. Another important piece of information is that the CPI will be announced tonight; today may be a chance for the bears to raise their heads. In terms of operations, we can short from a high position.

Bitcoin: short at 70200, target 68000

Ethereum: short at 2050, target 1960