Saturday, Double Top at 74000 Emerging, Trade Cautiously

Found the reason for Bitcoin's plunge last night—the U.S. military deployed Marines to the Middle East conflict, triggering panic across global financial markets, causing both gold and crypto to crash simultaneously, truly a bloodbath.

The market sentiment had been improving ahead of the upcoming Federal Reserve rate decision, but then the U.S. threw a bucket of cold water on everyone. This forces me to reassess the market outlook going forward. Destruction before reconstruction, breaking before establishing.

The 74000 level has formed a double top resistance, but the daily uptrend channel remains intact. In the short term, we still need to return to the range for consolidation, with the range temporarily locked between 69000-74000. We'll wait until the market opens next week before making decisive moves.

Last night's plunge already released risk, so we absolutely cannot chase shorts directly at this moment. If 70000 doesn't break, we should go long first, with targets around 72200, no need to look too far. Ethereum follows basically the same rhythm. Entry points for both assets are as follows:

**Bitcoin: Long in the 70300-70800 zone, target 72200, reverse to short if not broken**

**Ethereum: Long in the 2075-2090 zone, target 2150, reverse to short if 2180 not broken**