Analyst Chen Shu: Bitcoin and Ethereum fell on March 6th with reduced volume. Expect a pullback today; consider shorting on any rebound, targeting a break below 70,000.

Analyst Chen Shu: Bitcoin and Ethereum fell on March 6th with reduced volume. A pullback is expected today; consider shorting on rallies with a target of 70,000. Looking at the daily chart for Bitcoin, yesterday's small bearish candle retraced to a low of 7.05. The 4-hour chart shows consecutive small bearish candles, indicating a clear pullback. The recommended strategy is to focus on the downside, with support at the daily MA30 around 6.8 and 4-hour support at 6.9/6.75. A break below 70,000 is expected, so shorting on rallies is recommended. Ethereum, also showing a small bearish candle yesterday, has support at the daily MA30 around 2000. The 4-hour chart shows consecutive small bearish candles breaking below 2100, with support at 2030/1980. The 1-hour chart shows support at the MA256 around 1980, with a potential pullback to this level today. Midday Trading Strategy (Written at 15:00): BTC: Short at 7.08, add to short position on rebound to 7.18, target 6.9/7.75; consider long positions on short-term rebounds to 6.7/6/6. ETH: Short at 2080, add to short position on rebound to 2020, target 2030/1980; consider long positions on short-term rebounds to 1960/1930. Daily analysis strategies have a very high win rate! Analysis is not easy, so please give a free follow, save, like, and comment. Thank you everyone. Welcome to leave comments below for discussion, I will reply to each one.