After stabilizing around 101000/2050 in the early morning, the market made another upward push, with Bitcoin breaking through 102000 and Ether surpassing 2150. Yumi's short positions have achieved a rapid roll-over with 8 consecutive profitable trades from yesterday to today!
Currently, there is substantial upward momentum in the short term, with all moving averages significantly rising over a four-hour period, and the Bollinger Bands showing an expanding trend. Given the strong support from the market, it's advisable for traders to take profits on short positions first and then consider entering more short trades for further gains. After the US stock market closes, if the upward momentum continues, we could see resistance levels at 105000/2300, while support levels are at 100800/2050.
Although the market is showing signs of takeoff, it is necessary to be cautious of potential pullback risks, and one should not be swayed by market hype. Carefully managing your positions will ensure that you do not incur losses!