Yesterday, the market was generally in a downtrend, and a correction started to emerge. In our article yesterday, we also mentioned that it is possible to position short with a light load. Currently, our short position is still being held. Bitcoin is still much stronger than Ethereum. Let's see if this round can break the support below. The support for Bitcoin is around 104,000, while for Ethereum, it is around 2,790. If these two levels break again, Bitcoin will advance towards 10,000.

Looking at the technicals, first, the hourly Bollinger Bands have been fully opened, but bearish sentiment is strong. The mid-band of the four-hour Bollinger Bands is still trending upwards, but MACD has turned entirely bearish. The daily chart is also generally upward. Therefore, short positions can still be held, while long positions can wait a bit longer.

Bitcoin: Buy on a pullback around 104,000-104,500, targeting 105,500-16500.

Ethereum: Buy on a pullback around 3,790-3,815, targeting 3,850-3,900#BTC再创新高 #比特币冲向11万？ #BTC持续刷新高点 .