Today, Bitcoin is just one step away from 98,000, while Ethereum is sluggish, and altcoins continue to decline. Bitcoin's total market value is actually lower than when it was just above 90,000, indicating a large amount of capital is fleeing. Currently, Bitcoin is drawing blood from altcoins to rise, while many altcoin major players have already started to escape. Altcoins like Neiro are plummeting, and when Bitcoin crashes, the major players in altcoins will have completed their risk avoidance and will not flow back into altcoins in the short term; we can only wait and see how the situation unfolds over the weekend.
Bitcoin: The current rise does not have a large volume, but the market is still dominated by bulls, and the upward trend continues. Short positions need to be quick to enter and exit; a profit of around 1500 points is relatively safe to take. Currently, the focus is on going long on pullbacks.
Ethereum: This evening, the hourly chart retraced to 3060, dipped to 3030, and then recovered near 3060. It is still in an upward trend, and there is still a profit of 120 points in short positions from 3150 to 3030.
Bitcoin short entry point: Light short near 9.9, looking down to around 9.75-9.6.
Bitcoin long entry point: Light long near 9.52-9.48, add to long on a pullback to 9.4, target is 9.8-9.9.
Ethereum long entry point: Light long near 3060, add to long if it doesn't break 3000, add to long again if it breaks to around 2965, stop loss at 2885, target is 3150-3200.