Yesterday, Bitcoin experienced a terrifying day. It wasn't about how sharply it fell, after all, we've seen drops of ten thousand points in a single day before. However, the continuous decline on the hourly chart yesterday was like a slow grind, like water dripping through stone, which was more painful for the bulls than direct losses or liquidations.
Today, Bitcoin has made a timely recovery, with the price currently around 105400. This kind of recovery is also reasonable. Pay attention to the support level around 106000, where short positions can be entered, targeting 104000, 103000, and being bold, even 101500 is not impossible.
For Ethereum, the main focus should be on the level of 2560, where entering a short position can also be profitable.
