ETH has completed the 4th test of the key price near 3545, forming a very effective support strength in the medium-term trend. If there is a 'second exploration' in the subsequent market, and a bottoming signal is observed based on this key price level, then the price is expected to rise, and the level of volatility will expand. If Ethereum can stabilize, altcoins may have a chance to bounce, so pay close attention to the strength and weakness reaction at this position.

As soon as I open my eyes, I short and make money; I regret a bit closing my short position. The idea is to short during rebounds.
Logic:
ETH: After breaking the upward trend at the 1H level, it underwent an ABC adjustment and completed testing the previous high resistance level. Therefore, I advised to place a short order at 4080. Currently, Ethereum has reached 3870, and I will continue to short during rebounds, looking down to 3750 and 3550.
BTC: As expected, it has reached the short position around 107000, which is near the upper channel. Last night, it peaked at 108000 and formed a reversal candlestick. There are too many profit-taking orders, so there will inevitably be a lot of selling pressure later. I will short during rebounds, with the initial target around 99500, and if there is a weak rebound at the end, I will continue to look down to 95000, 91000, and around 87000.
#BTC再创新高 #比特币冲向11万？
From a macro perspective, the positive expectations for interest rate cuts have been fulfilled. In the short term, without significant positive news, it is difficult to drive up prices, especially large funds will not choose to buy at high positions; those rushing in are all retail investors. If Bitcoin needs to continue breaking through, it must accumulate counterpart orders. After a significant washout, new funds will only be willing to enter at low positions. With Trump coming to power at 1.20, the complete fulfillment of positive news becomes negative. Unless there is a very clear direction for policy reform, it will be difficult to continuously drive the demand for Bitcoin. Giving Bitcoin a political attribute destined it to become a tool for capital and political games.