Afternoon BTCÐ Market Analysis

1. Core Market Status
- BTC: surged to 71,606 early in the session then sharply dropped, with the lowest at 70,435. Currently trading around 70,500 with weak volatility, bulls have no resistance, and the downtrend is clear.
- ETH: Moving in tandem, dropped from 2,184.99 to 2,136.08, now consolidating around 2,141, with a deeper decline and stronger bearish momentum.

2. Afternoon Profit Targets and Strategies

BTC
- Core Logic: After a volume surge and sharp decline from high levels, the rebound is weak, and the bearish trend is confirmed. The afternoon will likely continue downward, directly breaking below 70,000.
- Short Entry Points: Enter short positions in the 70,500-70,600 range.
- Stop Loss: 71,100 (protect the early session pullback level; a break indicates trend reversal).
- Targets:
- First Target: 69,800
- Second Target: 69,600
- Key Signal: If the price breaks below today's low of 70,435, the decline will accelerate. Consider adding to short positions after the break to maximize profits.

ETH
- Core Logic: Weakens in tandem with BTC, with a larger decline, indicating stronger bearish momentum. Expect a dip near the 2,100 level in the afternoon.
- Short Entry Points: Enter short positions in the 2,140-2,145 range.
- Stop Loss: 2,165 (protect the rebound resistance level).
- Targets:
- First Target: 2,110
- Second Target: 2,100
- Extreme Target: 2,095
- Key Signal: If the price breaks below today's low of 2,136, bearish momentum will accelerate. Consider adding to short positions to lock in profits.