$BTC Bitcoin continues to decline, fear of dropping below 110000. Here we shorted around 112500 and exited at 111600, but it seems like it will continue to drop. There is a probability that the gap below will be filled, but more likely it will drop sharply and then quickly recover. So there is no need to worry too much about being locked in. Specifically, we just need to pay attention to whether the 110000 level can hold. If it can't hold, then we need to look towards the two positions of 108750-106388.
$ETH Now let's take a look at Ethereum, here we also shorted around 4710. Now it has dropped below 4700 and directly broken below 4600, heading towards below 4500. If 4500 cannot hold, it will test 4400 again, and currently, we still cannot see the area around 3800. Because the major support levels of 4050 and 3950 remain unchanged. Continue to observe the adjustments after the downward fluctuation, and remember not to trade frequently in pursuit of small profits to avoid making big mistakes! Currently, the bears are still strong!