The short position strategy shared on Friday has successfully made a profit, with Bitcoin gaining up to 4000 points and Ethereum gaining 100 points!

The weekend also provided multiple opportunities to re-enter the market, as mentioned in the weekend video. Bitcoin and Ethereum will continue to oscillate within the range in the short term. Bitcoin is continuously oscillating around the lower middle band on the four-hour chart, with the upper resistance gradually moving down, while Ethereum is oscillating around the upper and lower bands on the four-hour chart, with upper resistance at 3425-3560!

At first glance, there is a difference in the price trends of Bitcoin and Ethereum. Bitcoin's middle band is under pressure and continues to decline, with a further test of the lower band support at 93000, while Ethereum has bounced back to around 3425 after being supported near 3300!

However, the overall trend is still within the oscillation range, so the strategy remains primarily to go short at high levels, with some long positions at low levels! For Bitcoin, you can pay attention to the rebound to the middle band near 94800-95800 to try a short position, with initial support looking at 93000-92300, and maintaining a stop loss of 500 points!

For Ethereum, you can also try a short position near the upper resistance at 3425, with a stop loss of 40 points, and initial support looking at around 3300; if it doesn’t break, then go long immediately!

Currently, it is a phase of oscillation and consolidation, so let's do a good job with our swings and prepare for the subsequent second round of upward movement!