Bitcoin's surge has ended, and it continues to short at high levels.
The market has seen Bitcoin rise strongly to 106800, but it appears to be under pressure and has started to pull back. The short-term resistance is very strong, and there hasn't been a significant retracement; the price has oscillated within three boxes. Referring to previous trends, the resistance level at 107000 is definitely a short area, and a retracement is inevitable. I have previously mentioned this position and advised the brothers to set up short positions. The market is still oscillating, and the reversal point is around 106000. Now we can primarily focus on shorting, initially looking at support levels around 102000-100000.
Ethereum's and Bitcoin's movements are basically the same; first, a surge followed by a pullback, and it has now started to retrace. After reaching around the high position of 2580, a reversal has occurred, and it is advisable to short at the current price.
Trading advice:
Short Bitcoin at 105600-106300, targeting around 102000-98000. Stop loss at 107500.
Short Ethereum at 2550-2600, targeting around 2350-2200. Stop loss at 2650.