After a small pullback, the cryptocurrency price has once again entered a phase of narrow fluctuations and consolidation. Today, there have been repeated suggestions for short positions, and just now, a short position set up at 107800 has successfully captured a space of 726 points at the 107074 level, easily managing the market once again.
The cryptocurrency price has risen to new highs and then retreated. Similar to yesterday's trend, there is an upward shadow, with multiple attempts to test the upper resistance level followed by a retreat, indicating that an effective resistance has formed at the 108 level. Each attempt to rise has not achieved effective continuation, and there have been multiple intraday assaults that have failed to stabilize effectively. The daily market has already shown a posture of pressure and retreat. In the short term, the cryptocurrency price has turned around and is showing a slow downtrend in fluctuations. Currently, the price is oscillating between the middle track and the lower track, so future operations should follow the trend and rebound for short positions.
For Bitcoin, short at around 107500, with attention to around 106000. For Ethereum, short at around 2450, with attention to around 2350.
