Last night's analysis suggested going short on rallies, and this morning's market plummeted to 103,337, validating the strategy.
The daily chart shows a high followed by a pullback, forming an upper shadow, indicating that the bears have interrupted the uptrend. The current market is in a wide range of fluctuations, with significant volatility; both bulls and bears have opportunities, but timing is crucial. The 4-hour chart's bearish candle has completely engulfed the previous gains, and the price has returned to the vicinity of the previous drop's starting point, likely continuing to oscillate. After a rebound and correction, Bitcoin is expected to remain under pressure, with a risk of breaking to new lows. The morning's trading advice suggests focusing on the rally and pullback trend, with rebounds presenting short opportunities.
For Bitcoin, consider shorting in the 105000-105500 range after a rebound, targeting around 103000.
For Ethereum, short in the 2520-2550 range, targeting around 2440.