Early Morning Thoughts
From the daily chart perspective, although the mid-track was once considered an important support for bulls, the current price trend has shown signs of fatigue, and this support level is at risk of being effectively broken. The market is clearly in a short-term oscillation and adjustment trend, with the previous upward momentum gradually weakening. The current high-level consolidation appears more like a buildup before a decline. Bitcoin has been oscillating on a 4-hour chart, with two failed attempts to break through the resistance level this morning, retreating instead. The bullish outlook remains unchanged in the short to medium term, but the pace of the rise may shift from a one-sided drive to a fluctuating ascent pattern. The conversion of momentum strength will lead to a volatile upward market characteristic. U.S. stocks opened low with no major favorable news, and major players are pushing prices higher to escape. It's advisable to be cautious in chasing long positions; the blogger suggests maintaining a focus on short positions!
Bitcoin: Short around 107000-106500, looking down to around 104000-103500
Ethereum: Short around 2520-2500, looking down to around 2420
