The evening Bitcoin once again broke the 100,000 mark, with a strong surge up to around 100,800. However, it did not break through the 101,000 level in one go. Unfortunately, we had to exit our short position in the evening due to a loss. This wave of bulls has indeed been quite overwhelming. A loss is a loss; there’s nothing more to say. Currently, Bitcoin is around 100,400.

In terms of the current trend, there are likely many analysts in the market predicting a rise to 10.2k and a break of new highs, etc., to promote a rally. However, from a four-hour perspective, although there has been a continuous bullish rise, as long as the upper resistance level of 101,000 is not broken, our bold friends might consider shorting at the current price. The bullish surge is exhausting its momentum, and we could look to short around 100,500-101,000 at midnight.

Bitcoin strategy: Short around 101,000-100,500, target 98,000.

Ethereum strategy: Short around 3,800, target 3,650,525,078,820,692,670,402,616,420,168,758,390.