After the midday thought process reached 900, it began to reverse, which was expected, as a significant drop needed adjustment. However, the overall perspective remains bearish.
You can arrange short positions around 102800-103400,
The market has started to flood again at midnight, and with the shorts so obvious, the decline is effortless. There is a slight rebound now, but I still remain bearish. You can short in the range of 102700-103300, looking for a target of 101300-100000.
Yesterday, the cryptocurrency market experienced significant fluctuations, with Bitcoin's price undergoing a substantial correction, briefly falling below a key support level. Although a rebound followed, the overall momentum appeared slightly lacking. Based on a comprehensive analysis of market technical indicators and capital flows, it is expected that the weekend market will primarily exhibit a fluctuating upward trend.
Operational Suggestions
Bitcoin:
Consider placing long orders in the range of 103000 - 102500 at dips, with an initial target price around 104500; if this resistance level is effectively broken, further upside can be aimed at 106000.
Ethereum:
When the price falls back to the range of 2400 - 2370, consider lightly entering long positions, with a short-term target of 2450; if this level is broken, further upside can be targeted at 2500.