Bitcoin and Ethereum saw a surge last night due to news, with Bitcoin reaching 97,700 and Ethereum touching around 1,850. The key focus is on Bitcoin's critical position at 95,000. However, after a morning surge, it has started to pull back. Although the rise was strong, it still hasn't broken through the previous high on the daily chart (Bitcoin 98,000 / Ethereum 1,870), and these two positions can be seen as a ceiling for potential corrections.
From the 1-hour and 4-hour charts, it has started to show signs of a pullback, with clear pressure above. The key point to watch for Bitcoin is whether it can hold above 95,000. The recent news has been quite volatile, so operations need to be flexible.
Xi Fei suggests shorting Bitcoin in the range of 97,000-97,500, with a target of 95,300; shorting Ethereum in the range of 1,830-1,840, with a target of 1,780.
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