$ETH The market for Bitcoin and Ethereum has been like a roller coaster these days, constantly jumping up and down. Bitcoin has been fluctuating around 101500, while Ethereum has been testing the 2475-2515 range back and forth. We mentioned a couple of days ago that the support levels at 101000 for Bitcoin and 2500 for Ethereum are quite strong, and the resistance levels above, 105000 for Bitcoin and 2650 for Ethereum, are also significant. Now the market has rallied again, but it is clearly still fluctuating within a range, following the old pattern of rising and then retreating.

Looking at the daily chart, we can see that the price is hovering around the 7-day moving average. Although the overall trend remains relatively strong, don’t get too excited until Bitcoin truly breaks above 105000. The MACD indicator has already started suggesting a pullback, but the medium to long-term outlook is still bullish. The daytime market may push up a bit more, but definitely don’t chase the highs; it will naturally drop once it hits the resistance level.

In terms of specific operations:

If Bitcoin reaches the range of 104300-104800, consider shorting a bit, targeting around 102500.

For Ethereum, the position around 2610-2630 can be shorted, with a target of around 2530.

Right now, the market rhythm is about buying low and selling high; don’t be greedy, get your profits and run!

This post is time-sensitive, please refer to real-time data for specifics.