The 106500 mentioned yesterday is the accumulation zone. It can be seen that there is significant resistance here today, but there is also support from the fifteen-minute and one-hour moving averages below. Bouncing off the moving averages means there is a buying opportunity.

Currently, the upper damping zone and trend resistance line are between 107400-107800. The stop loss line given yesterday at 107200 has now become what many people consider the best entry point today, which may also be the profit-taking zone for the main force.

To be honest, I really want to hold this short position for a long time, but I'm also afraid of extreme possibilities. The longer the cycle lasts, the more worried I become about extreme possibilities. The situation with Ethereum is slightly better. After reaching the accumulation point again, it dropped once more below the 2430 cost. But it hasn’t improved much. If you're afraid of shorting, reduce your position a bit, wait to re-enter at 107200, move the stop loss line up a bit, and avoid doing hedge operations like that. Currently, the main direction does not want to change; it only needs to test the lower moving averages once to exit without loss, and wants to change direction to find those who are bullish like you.

Just by looking, you can guess that the general double entry points are at 105500-105800 and 104200-104500.

In the market, there have always been two directions; it’s just a matter of reference and choice. I will talk about Ethereum later. $BTC $ETH