The price of the currency #比特币 experienced another significant rise and fall last night, once again breaking below the 100,000 mark, reaching a low of approximately 98,200. It then initiated a strong rebound, touching around 106,074, and is currently under pressure, retreating to around 105,000 for consolidation and correction. Our short position established at 102,136 last night captured another 2,100 points at the 100,000 threshold. Countless experiences have taught us that trend judgment surpasses short-term fluctuations, position management is superior to all-in bets, and emotional control determines ultimate success or failure. This is why I repeatedly emphasize to my students not to blindly engage in emotional trading.

From the four-hour chart, market sentiment has stabilized somewhat, and technical indicators show some rebound momentum, but several indicators are signaling overbought conditions, so we must be cautious of adjustment risks. The candlestick has surged to the mid-band, approaching the upper band, with the Bollinger Bands' mid-band and KDJ indicating that prices are in a potential consolidation phase, likely to maintain narrow fluctuations in the short term. The price has once again formed a bottoming rebound pattern, rising from 98,000 to 106,000, recovering nearly 7,000 points. This aligns with our previous saying: the greater the drop, the stronger the rebound. Whether the currency price can reverse again depends on whether we can break through the resistance near 106,500; otherwise, we need to follow the trend for a correction. Today, pay attention to the gains and losses at the upper resistance level; if we break through, we will look for 110,000, otherwise, we will maintain our previous bearish outlook.

For Bitcoin, we will short at 105,000-105,500, watching around 103,500. For Ethereum, we will short at 2,400-2,430, watching around 2,300.