BTC and ETH both failed to rally last night, especially ETH which started to see increased volume at the top, making a 4-hour level decline very likely.

Currently, this position is more suitable for shorting than longing, but considering the expectations of a bull market, it’s better to miss out than to short. If a breakout occurs and you're not in, you can choose some strong altcoins that have not yet surged for delayed long positions.

Long positions can only be considered on the 15-minute level, which is intraday.

However, overall, this position is not suitable for opening positions, as more altcoins are starting to lead the upward movement.