6.10 CPI Storm Approaching, Is BTC Bullish Position on the Line?

Bitcoin, which was still in a fluctuating downtrend over the weekend, clearly shows weakness in its bullish stance, resulting in a rapid surge after the market opened on Monday. It is currently testing the high level around 108000. This rapid rise on Monday does not necessarily indicate a real uptrend; the purpose of the surge may also be to wash out the short positions below, successfully enticing more buyers before launching a short sell-off. The current price is clearly under pressure, and it is recommended to boldly enter short positions at this level.

Trading Suggestions:

BTC short at 107950-108500, target around 104000-10000. Stop loss at 109000.

ETH short at 2566-2600, target around 2400-2300. Stop loss at 2650.