The morning Bitcoin broke through the 103,000 line, and a real trading drop of 7,000 points was also expected!
Everyone knows that I have been bearish all along, and now the bearish trend has emerged. There's no need to overthink; just go with the flow. In the morning, the focus is still on shorting during the rebound!
Bitcoin: Short at 104,300-104,800, target around 101,000! Ethereum: Short at 2,520-2,550, target around 2,400!
How fast did this slap in the face come? Over 10,000 views
Everyone is looking forward to new highs, while Brother Fei has set up a short position at the 110,000 level, currently the target for the 7,000-point swing continues to see 100,000.
Technical Analysis: The 4-hour Bollinger Bands first narrowed and then widened, with prices rebounding at the support level of 2465, having broken through the middle band, and the bulls are gaining strength!
Action: Focus on low buys, buying near 2400, with a target of 2630-2680!
Clear information indicates that Vitalik Buterin has a rare behavior of repurchasing ETH.
Ethereum has some developments in 2025 that may affect its price and ecological development. For example, the Pectra upgrade in May raised the staking limit from 32 ETH to 2048 ETH. After the upgrade, ETH surged 22% in a single day, returning to the $2200 mark, which also drove some altcoins to surge simultaneously. Some believe that the launch of ETH means a full awakening of the on-chain ecosystem, and if ETH maintains an upward trend, altcoins may experience a comprehensive explosion.
Both bulls and bears are adding positions. After a small-level drop below the previous low, the bulls are starting to bottom fish, and the funding rate is also recovering.
Now at the two levels of 108500 and 102000, there may be a liquidation market this week.
I think there is a high probability of a drop followed by a rise to create new highs; tops often behave this way.
The pancake is oscillating and consolidating around 104700, with short-term rebound signals but weak strength, suppressed by resistance at 106800, looking to sell at 1053-1058 and buy at 104-103.