Yesterday, the Bitcoin market suddenly plummeted, with a significant bearish candle appearing on the daily chart, and the price retracing to around 96,000.

Previously, Bitcoin had experienced a week of continuous increases, so this pullback was expected. On the daily chart, although the price briefly broke through the critical level of 100,000, it was unable to maintain its ground.

Looking at the four-hour chart, after several bearish candles and a continuous decline, there are signs of a potential reversal.

Therefore, for short-term operations, don't rush to short; currently, pay attention to the resistance at the 98,000 level above.

Regarding the long position set at 96,500 last night, there is already a profit margin of 500 points. It is advisable to exit when the price rebounds to around 98,000.

The overall trading strategy for the day focuses on shorting during rebounds, with options to short in the 98,300 - 98,500 range, targeting downwards towards 95,500 - 95,000.

As for Ethereum, focus on the support level of 3,450, and operate according to the synchronized short strategy.

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