Small talk aside, let's return to the current market situation. After the Bitcoin daily chart formed a hammer candlestick, there has been a two-day bearish pullback, and a double top structure seems to be forming. The market is currently testing support near the middle track; if it breaks down, it will continue to test the support above 103000. Therefore, in the short term, we should focus on whether the middle track can hold. The article on the 10th also reminded us that although there has been a strong bullish move, we should still be cautious of the resistance at the previous high, emphasizing the need for corrections and that we should not chase the price upward. Moving forward, while paying attention to the middle track, we should also monitor the daily closing situation.
From the 4-hour perspective, we are currently testing the support near the lower track and MA60. This can be used as a reference in the short term, as it corresponds to the daily middle track. Therefore, the short-term strategy can involve entering positions based on whether the daily middle track and the current support in the 4-hour chart can hold. Two areas will be provided as short-term references. We won't analyze the technicals for the altcoin today; the smaller timeframe is also currently testing the support area. Short-term references are as follows.
Bitcoin short-term: Buy at 106800-106000, break below at 104800-103800 to buy again. Sell at 108500-109500.
Altcoin short-term: Buy at 2720-2680, break below at 2630-2580 to buy again. Sell at 2840-2880.