Bitcoin had a slight rise last night before directly plummeting. The 4-hour chart shows a downward trend. From the internal structure, this wave of decline has some resistance, not just a one-sided drop. This indicates that there is still some support around this area, and the current decline has not yet ended. There is still some distance to the support point below. Since it is a decline with resistance, a small rebound will follow before continuing to oscillate and drop until a new low is reached, at which point it will start to rebound. Overall trend leans towards oscillation and decline, currently at a halfway point in the morning, making it difficult to enter and exit positions; observing is the main strategy for now. In terms of operation strategy, it is currently in a stage of oscillation and decline, with small rebounds in between, not recommended to participate. Patiently wait for the final low to appear. Focus on the key position at 103000 points.
Bitcoin short contract point, short operation near resistance level around 106800, take profit around 103700, stop loss at 107600.
Bitcoin long contract point, short long operation near support level around 102680, take profit around 106800, stop loss at 101880.
Ethereum attacked as expected last night, but the sustainability of this upward movement is poor. After a big bullish candle, it was brought down again by Bitcoin. Ethereum's main force has learned from the last time it was hit. Whenever Bitcoin shows consecutive declines, Ethereum will not force itself; it will follow. So even if there is an expectation for Ethereum to break the high point of the oscillation zone, it has learned to bow its head. Currently, the expectation for upward movement should be lowered because Bitcoin is trying to hit a new low. After a small rebound, Ethereum may be brought down again. In terms of operation strategy, the market is leaning towards oscillation; patiently waiting for Bitcoin to finish its drop will provide a good opportunity for upward movement. In a fluctuating market, it's better to observe than to act.
Ethereum short contract point, short operation near resistance level around 2763, take profit around 2630, stop loss at 2778.
Ethereum long contract point, short long operation near support level around 2545, take profit around 2730, stop loss at 2530.
The views are for reference only, with stop loss and take profit.