Daily K Trend Analysis: Bitcoin rebounded from 106700 last night and directly broke the M-top neckline, dropping nearly 6000 points. Bitcoin is in the process of an ABC correction wave decline, and today's sharp low is very likely not the bottom. Focus on the two potential support levels of 101500 and 98900, while also being wary of shorting opportunities during the rebound at 106000. Overall market sentiment is bearish, and cautious operation with strict risk control is advised.#比特币走势分析
ETH Ethereum has confirmed the Wyckoff distribution structure, waiting to short on a rebound.#以太坊走势观察
Previous Review: Perfectly grasped the market rhythm: went long near 106700, took profit of about 1,500 points and closed; opened short at 108,300, currently floating profit of nearly 4,000 points, continue to hold; led operations during the live broadcast, although initially stopped out, re-entered after seeing malicious comments to prove judgment, and successfully made a profit of 400 points on Ethereum.
Resistance Level 1: 106000 (ema30)
Support Level 1: 101500 (0.886 bullish bat pattern + EMA60 dynamic support + end of five-wave decline on hourly level)
Support Level 2: 98900 (1.13 false breakout position + Fibonacci extension 100% + ABCD harmonic pattern)$BTC
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