Let's briefly review today's market. In the morning, the rapid surge of the Bitcoin bulls pushed the price quickly up to the highest point of around 97,700. Due to resistance above, the price then fell to around 96,000 and stabilized. This wave of upward movement also provided over 3,000 points of volatility. Our short-selling strategy given at midnight was timely in stopping losses in the morning, allowing us to reverse and open long positions, effectively recovering all losses. This is one of the advantages of real-time guidance; those who followed along naturally understand the benefits compared to trading alone.
Currently, looking at the market, the daily closing for Bitcoin shows a small bearish candle forming a doji shape, with the upper shadow longer than the lower shadow, indicating that the pressure above is still significant, and the bullish momentum is somewhat weak. On the 4-hour chart, Bitcoin has repeatedly tested the resistance above but has failed to break through effectively. Overall, it is operating within a range below the upper track, which is still applying considerable pressure from above. The market remains in a consolidation phase for track repair. We can continue to maintain the strategy given during the day, focusing on the impact of the Federal Reserve's news release. Additionally, the gains or losses around the 98,000 level are also quite important. If we can effectively break through, we can continue to follow along and observe the continuation of the bullish trend, with everything confirmed by real-time guidance.
Bitcoin can be shorted in the range of 97,000-97,500, targeting around 95,500, with a stop loss at 98,000. Ethereum can be shorted in the range of 1,830-1,860, targeting around 1,760.