Currently, the coin price has dropped to around 100700, which is even lower than expected, directly breaking below 101300. The overall rebound strength is not too great, and we are quickly approaching the first resistance level near 103000. Friends who want to open short positions can try at this resistance level, just ensure to protect your capital.

Looking at the overall situation, the small time frame is still rebounding. If you have short positions, keep an eye on the resistance at 103600. As long as the hourly close does not break this resistance, you can continue to hold your short positions.

The lower target support is seen in the range of 101000-100000, which we are waiting for. For the subsequent price action to continue rebounding, a stabilization above 103500 on the small hourly level must occur.

On the other hand, the current one-hour level rebound needs further observation. If you hold short positions, pay attention to the resistance at 2320. Friends who are shorting here should keep an eye on the support targets at 2250-2220. Short-term long positions can also be attempted in this range. $BTC $ETH