The strategy to go long at a low position was given early yesterday morning. When the price fell to 107000, I promptly cut losses, unfortunately losing 400 points. I advised students to directly go short, entering around 106800 and exiting near 105700, easily recovering the loss and making a small profit. Failure is not scary; what’s scary is the mindset of not daring to try again.

Currently, the Bitcoin daily chart has broken below the middle band of the Bollinger Bands, and the moving averages are beginning to diverge parallelly, indicating a gradual weakening of bullish momentum. This is even more evident on the four-hour chart; with a sharp drop breaking the recent parallel lows, the space below is gradually opening up, allowing for a short position this morning.

Bitcoin current price 105600-105800, go short directly with a target of 104500.

Ethereum current price 2630-2650, go short directly with a target of 2600.