Yesterday's market indicated that the trend of Bitcoin is closely related to financial news. Last night, with Trump's remarks about the upcoming first cryptocurrency event at the White House, he clearly pointed out - to ensure that the U.S. becomes the world's cryptocurrency center. This wave of super positive news caused the price to surge, pushing Bitcoin to a high of 95,000 in the morning, with an overall increase of nearly 10,000 points, and the current price is around 9,200. The price has begun a phase of consolidation and correction. We will first look for a pullback.

After the 4-hour close, it also started to decline with fluctuations. Bullish momentum is gradually shrinking. Although it is still a bullish trend, the position is also quite awkward, and the operating space is not very large, and the risk of chasing highs is also relatively high. It may be considered to short again at high positions after a rebound. We will consider entering long positions at lower levels after the market pulls back.

Short near Bitcoin 93,200-93,000, target 92,000

Short near Ethereum 2,480-2,460, target 2,320

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