Is the high pullback of BTC a trap for shorts or a sign of a flood before the spill?

Currently, the recent pullback after the surge should not be underestimated. Such volatile markets bring both joy and sorrow to traders. However, since the pullback has not reached the lower support level of 1189, it is very likely that there will be a slight retracement to test before another rise. The parallel tension of the MACD fast and slow lines indicates that both bulls and bears are evenly matched, while the RSI is also in a balanced zone, and the KDJ three lines are all diverging downwards, indicating a recent downward price trend but with weak momentum. Thus, the market may oscillate and repair in the 1190-1233 range.

BTC recommendation: 1088-1094 for a long position looking at 1210/1220, with a defense level at 800.

ETH recommendation: 2960-2985 for a long position looking at 3040/3085, with a defense level at 40.