This recent surge corresponds to the previous day's sharp decline, creating a washout; it goes up as symmetrically as it comes down. The market is now in a state of directional choice, and whether BTC can surpass 94000 and ETH can reach 3100 will determine the market direction for the next two weeks.
In the past, when the major currency experienced this level of washout, there might be a second or third wave of upward movement afterwards. This is a potential risk point, so we shouldn't be too rash in opening short positions, but we can strategize for short positions at the overhead pressure levels.
BTC Short
Entry: 95500~96400
Additional Purchase:
Take Profit: below 94260, 91500, 90000
Stop Loss: 96900 (may briefly spike to 97500)
