Market trends are forming, and short positions are once again secured!

Waking up to find that both Bitcoin and Ethereum short positions have disappeared, automatically taking profit. Another delightful day. As mentioned in previous articles, the community will focus on short positions in the coming days, and the big players are also showing consideration.

The reason for the drop in the early hours is the public spat between Trump and Musk, with both sides tearing into each other. The last bullish market was also orchestrated by them, and this drop has arisen from their conflict. In fact, after such a long rise, the market has become weak and needs a correction to calm down and build momentum for the next rally. Recently, it seems that any technical analysis has had minimal effect; it's hard to explain...

I wonder if Bitcoin has a hundred thousand protection mechanism; it was just about to break down but has now rebounded over two thousand points, with a target of 104,000 for the rebound. If it doesn't stabilize there, it will continue to head south. Support for Bitcoin is seen around 95,700 to 97,700, with further support around 93,000. For today, let's not rush into shorts; let's watch the rebound. If Bitcoin V-bounces again, that could be detrimental for you.

Ethereum hit a low of 2,380, with resistance around 2,500. Today, we will see if it can hold above 2,450; if it can't, it will continue to move down.