Today, the starting and ending point for BTC is 116938 in the morning, which is 10000 points lower than yesterday's highest point; the starting and ending point for ETH is 4386, which is 146 points lower than yesterday's highest point; the starting and ending point for SOL is 185.75, which is 7.6 points lower than yesterday's highest point. The short position taken in the morning should be held for a bit; no matter how much it rebounds today, it won't reach today's starting and ending point or the cost price of the short position.

The support points for BTC going lower are 113450/113333 and 112000 (if it breaks down, it could go to 111850/111555). This is a resistance area for the bulls; as long as the bears cannot break through it all at once, it can easily pull back to 115000-117000. Therefore, shorting here in the short term is not advisable; if it doesn't break through the 113300-110000 range, it indicates a bottom. If I'm not mistaken, there will be a significant rise late tomorrow night.

Similarly, ETH should not be shorted at 4150-4072 and below. As long as the bears cannot break below 4000 to 3930 all at once, the nearby short positions can easily get trapped.

SOL's 176.5 is the golden ratio point for the large wave from 210 to 155.75, the weekly EMA7, and also the lowest point of the small wave from 195 to 176. Theoretically, this is a bottom-buying point, but it might not hold this time because the important defense line for BTC is 112000, and a spike could go below 176. There is support at 174.85, 171.65, and 167.25, and a rebound could happen at any time. Below 176, shorting is not advisable.