1.3 Morning Thoughts

Bitcoin and Ethereum daily charts show certain upper shadows, indicating there is still room for a pullback. However, the bulls have been relatively strong in the past two days, breaking the recent weak market trend. The early morning market basically oscillated widely around the 96000-98000 range without breaking out into a strong trend. In the short term, there has not been an effective breakthrough, and the upper resistance at 98000 still exists. On the short-term four-hour chart, the price is testing upwards, reopening the Bollinger Bands. It has now reached the 97000 level, but bullish sentiment is relatively weak. All moving averages are expanding upwards. The key focus for the day is to watch for a breakthrough and stabilization at the 98000 level. In terms of operations, one can consider shorting at high levels and going long at low levels.

Bitcoin: Short near 97000-97300, target around 95000.

Ethereum: Short near 3460-3480, target around 3350.