Continue to oscillate and grind, or is it a precursor to a big market trend?

Bitcoin has been oscillating, and the last wave just happened to reach the resistance level around 106700 that I mentioned before. We also set up short positions around this area and have already taken profits on half. The current position is difficult for both long and short; they are still fighting without a clear winner. In such a market, there is no need to trade; at most, you can make a few hundred points, but the stop-loss risk is still very high. A small spike can easily hit your stop-loss, and then you won't be happy about it.

Ethereum is slightly stronger; our long positions set up around 2500 have all taken profits. I previously provided Ethereum's positions in the article. Ethereum, don't rush to short it now. Altcoins have generally weakened; you can attempt to short during a rebound.

Today's Bitcoin upper resistance

105800 106700

Lower support 104000 103700

Today's Ethereum upper resistance

2650 2730

Lower support

2580 2500