The evening market directly broke below our support level, with the lowest shorts continuing to extend to around 100,240, regrettably suffering minor losses from our short position set this evening. This wave of sharp fluctuations came too quickly, hitting nearly a thousand points of space. One can only say that this market is quite frustrating; there are no teachers in the crypto world who win every battle, and I am no exception. Currently, the coin price is still consolidating around the low level of 102,500.
From the current trend, this wave of hourly charts has already begun to dip continuously. If it breaks below the 102,000 mark again, the coin price will move downward once more. However, if it holds at 102,000, a strong rebound may follow. It is expected to consolidate around 102,000 in the early morning. Moreover, from the hourly level, the continuous dip in price indicates a trend of extending shorts, but the support at the bottom still provides some space. It mainly depends on whether the lower level of 102,000 holds or breaks. If it holds, go long; if it breaks, go short. At midnight, we will first look for a pullback before attempting to go long.
Bitcoin Strategy: Short around 103,000, target 101,500
Ethereum Strategy: Short around 2,500, target 2,420
