Analysis of the evening trend:

After continuous high-level fluctuations near 102,000, Bitcoin ushered in a waterfall in the evening; fortunately, all our longs were completed yesterday, and we only saw the 10-point mark for the first stage of the rise

It makes sense that there is a retracement above 100,000. After all, the daily line rose for a week last week, and how could short sellers bear the daily rise? But I don’t think that the retracement is a reversal. Even if it plummets today, it can only be regarded as a decline adjustment in the rising stage.

The four-hour current continuous big negative breaks through the middle track of the Bollinger band. The support is currently mainly concentrated at 96,500. Therefore, this position is used as the stop point for the retracement in the short term. If the hourly line can step back to around 96,500, continue to go long and look at 99,000-100,000!

Ethereum’s decline is more powerful. The daily line directly gives up the gains of recent days and falls below the 3,500 mark support; if the daily line closes below 3,500 today, the short-term continues to see a continued decline!