To be honest, things like what the upper resistance level is, where to pay attention to, if it doesn't break it will test the support, focusing on how much, if it breaks the level it should go up, paying attention to how much at the upper high level, this kind of analysis is really easy to write, and it won’t lose no matter what! If the market goes down, the resistance level is effective, isn't the short making money? If the market doesn't go down, the lower support holds, isn't the long making money? But can everyone really understand this kind of analysis? Can they know what to do? I still prefer to be more direct, sharing my own opinions, whether it's long or short.

Good evening, the market sentiment has been severely shaken recently, with big ups and downs. Whether going long or short, it's easy to get burned, so everyone must remain calm, strictly set stop-losses, and only attempt to enter at key positions!

The current price of Bitcoin is around 65500. This morning it surged to a high of around 98200 before retracing, and the lowest point dropped to around 94800 before it stopped falling. The Bollinger Bands on the hourly chart are wide open, with all three lines moving downward, so it's still a bit early to say if there are signs of a bottoming out. On the 4-hour chart, the price has broken below the lower support, currently testing near the lower support. It can only be said to have stopped falling after the price stabilizes above 95500. The MACD is below the zero line, with bearish momentum increasing, and the KDJ lines have not yet converged to form a golden cross. On the 12-hour chart, it has broken below the middle line, with the MACD green momentum bars increasing, and the KDJ has a death cross downward. Just relying on the bottoming formation on the hourly chart and the oscillation is currently not enough to change the trend, suddenly pushing the price up.

With the market behaving like this, to be honest, it's difficult to operate. Most people who went long around 95000 believe that after such a drop today, the late night should start to rise. However, according to the current indicators, bullish momentum is temporarily insufficient. For long positions near 95000, one might consider a light entry; if it breaks below 95000, the next lower long position would be around 93000. Currently, going short around 95500 is definitely unrealistic, and going long feels a bit weak in momentum, so it's indeed challenging to provide a clear viewpoint.

In summary, for aggressive friends, trying a light long position around 95000 is okay, and adding more at 93000 is advisable. For conservative friends, wait to go long at 93000. The long targets are 96800, 98000, and 98700.

If you want to go long on Ethereum, I personally think waiting at 3550 or 3500 would be a bit more stable. Of course, it may not give a chance to pull back to enter. To be honest, going long directly at this position does not feel very reliable. Currently, the indicators do not indicate a significant reversal, so one can only wait, either for a pullback or to continue oscillating and building strength. At that time, it may just consolidate instead of dropping, and one can find opportunities to enter directly.