This morning, the Bitcoin market dropped to a low point of 95,550, then rebounded to a high point of 97,634, after which the market entered a sideways fluctuation. Ethereum, similar to Bitcoin, dropped to a low point of 2,556, then rose to a high point of 2,659, and is currently moving slowly around 2,630. I believe everyone has benefited from the long positions set in the morning.

From the four-hour level, the market is being pulled back and forth around 97,000. The Bollinger Bands are gradually narrowing, and currently, the upper band is falling towards the lower band. Pay attention to the resistance around 97,500 above, as the price has attempted to break upwards multiple times without success. Based on past experience and the current market pattern, it is highly likely that the price will continue to face resistance from above, thus starting a downward trend, so I am currently favoring bearish positions.

Bitcoin can be shorted around 97,800, targeting 95,500.

Ethereum can be shorted at 2,660, targeting 2,550.