After Bitcoin reached the 110600 line, it fell back, dropping to 108300 yesterday, which was a wave of correction. It stood back above 110000 in the early morning and is now entering a correction phase. Currently, Sister Yun believes that the upper pressure should focus on new highs. If it breaks through, it will continue to trend towards new highs. However, if it corrects and falls below the 108300 position, then it would be more prudent to focus on short positions during the day!
Looking at the one-hour K-line, the price touched the upper band of the Bollinger Bands but failed to break through, turning down instead. It is currently above the middle band of the Bollinger Bands, with a bearish trend; the three lines of KDJ are running downwards in sync, so the daytime will still be a volatile adjustment with a focus on short positions!
Bitcoin: Short at 110000-110600, target around 106000!
Ethereum: Short at 2800-2850, target around 2650-2700.
