Time really flies, there are many trivial matters during the holiday, plus the weekend liquidity is relatively poor, so updates are less frequent. A week has passed, and our short-term suggestions have been very accurate. On Friday, we continuously indicated a bullish outlook for 98000, and after reaching the 97800 line, we promptly advised to consider this position for shorting and look for a pullback. Over the weekend, the coin price also oscillated and retraced as expected, with lows reaching the 95500 line, capturing both long and short positions accurately.

Currently, the technical structure still hasn’t changed much, and the short-term pullback has not yet concluded. The main reason is that there wasn’t a significant rebound over the weekend; it has been in a weak oscillating downtrend. This rhythm likely indicates waiting for an accelerated downward process, as the coin price continues to decline without obvious signs of stopping, which is a clear signal. However, there has been no change in the larger range, so we patiently wait for bottoming signals before looking for opportunities to follow up on long positions, but until then, we continue to follow the trend and short!

Currently, Bitcoin is quoted around 96000. On Sunday evening, we refer to the 96000-96500 area to continue shorting in line with the trend. First, we focus on the conversion level at 95000; if it breaks, we continue to look down towards the 92800 line. As for Ethereum, the coin price basically maintains a consolidation above 1800, with little volatility space, but there is notable resistance above. In the short term, we continue to refer to the 1850-1880 area for shorting, while focusing on the 1730-1750 area below!