The evening price of Bitcoin on $BTC declined in a stepwise manner from a high point of 109699 to a low point of 108333 before consolidating. Ethereum rebounded to a high of 2588 in the afternoon after hitting 2560 but then fell back, reaching a low near 2544. In the afternoon, the long position suggested by Yunlu for Bitcoin around 108800 failed to hold, and after stopping out near 108500, Yunlu shorted at 108700, subsequently capturing over 700 points. Ethereum did not drop to our planned entry point in the afternoon, prompting Yunlu to directly short, gaining over 40 points.
Technically, a 1-hour descending channel has formed, with MACD showing a top divergence followed by a death cross. Resistance is at 109000-109500, with psychological support at 108000. Ethereum is facing strong pressure at 2600 on the 4-hour chart, and attention should be paid to the breakout at 2560 in the short term. Yunlu's long and short strategies remain effective, and caution should be exercised regarding liquidity risks over the weekend to avoid holding large overnight positions. The current market is dominated by shorts, and it is advised to primarily focus on shorting with careful operations.
Bitcoin recommendation: Short at 108600-108800 (stop loss at 109100, target at 107500), Long at 107500-107800 (stop loss at 107200),
Ethereum recommendation: Light short at 2550-2560 (stop loss at 2575, target at 2500)
