Yesterday's market couldn't let the bears be bloodied

Yesterday, Ethereum was the first to rise, reaching a peak of 2069, and shorts were consecutively stopped out, resulting in three losses. Bitcoin also saw a rise at midnight, reaching a high of 87500. The short position taken yesterday was meaningless and faced severe losses, being pressed down... However, the market moves every day; we must reflect on what needs to be reflected upon, face what needs to be faced, have the courage to improve after knowing shame, let go of emotions, set aside subjective opinions, and confront the market directly.

Bitcoin's daily K-line showed a strong upward movement, breaking the mid-band resistance. Support and resistance have switched places, with the mid-band around 85000 becoming the largest support today. If bulls want to continue breaking upwards, this level must be maintained; otherwise, it's just a rebound, not a reversal, and could easily retract back to around 80000. The upper and mid bands of the daily Bollinger Bands are both opening upwards, and MACD is showing bullish momentum. On the 4-hour level, the Bollinger Bands are widening; after the price rises to the upper band, it returns below it. MACD is showing bullish momentum, and KDJ is curving down. Currently, the three lines have not yet converged to form a death cross, and RSI is turning down from a high position, indicating a short-term need for retracement. The hourly chart is currently clearly showing a retracement; after the spike to 87500, the mid-band support is around 84900. Earlier, I mentioned that the mid-band support on the daily chart is 85000, and now on the hourly chart, it's 84900. The support at different levels points to this area, so this position is very critical!