Good morning, friends. Yesterday, the market for Bitcoin experienced dramatic fluctuations. Due to news impacts, both bulls and bears were shaken out, and the market moved like a roller coaster. After Bitcoin slid to the 100,000 mark, it rebounded for correction but did not sustain enough volume for a significant rise. Instead, it slowly climbed to the 105,200 high point where it faced resistance. The market has been unpredictable. Yesterday, I positioned myself to short near 102,500, but unfortunately, I lost a few hundred points and had to switch to long. The non-farm payroll announcement in the evening quickly allowed me to recoup my losses, but without timely strategies, it is hard to survive in this market. I have provided analysis in advance; during critical moments, it is essential to pay attention to market direction and respond flexibly based on the price action.

Ethereum has moved in a similar fashion as Bitcoin. On the daily chart, it formed a doji candle but did not provide strong rebound momentum, maintaining a slow upward trend. With the evening news affecting Bitcoin, Ethereum also saw a slight decline. Currently, it continues to exhibit a bearish trend. After Bitcoin's strong downward trend, it slowly recovered but has lost all retracement. The battle between bulls and bears is intense, and large fluctuations have intensified the washout effect. On the four-hour chart, after consecutive bullish candles, Bitcoin faced resistance above and did not extend powerfully, rebounding to the 105,200 high point where it faced pressure again. It is clear that the 106,000 resistance level is crucial; if it does not break, the market will continue to test for new lows. Currently, the market is showing a retracement trend, with the Bollinger Bands opening but still oscillating near the middle line. Due to the weekend timeframe, there won't be significant fluctuations. For intraday operations, maintaining a low long and high short strategy is advisable.

For Bitcoin, you can short in the 104,500-105,000 range, looking at around 102,000. For Ethereum, you can short in the 2,480-2,500 range, looking at around 2,400. #比特币 $BTC