Yesterday, Bitcoin experienced a sharp decline, with a significant bearish candle on the daily chart, pulling back to around 96,000. Previously, Bitcoin had been on a continuous rise for a week, so this pullback was expected.

On the daily level, the price briefly broke through the 100,000 barrier but couldn't maintain its position.

On the four-hour chart, after a series of bearish candles caused a price drop, it turned around to close bullish, so don't recklessly chase shorts in the short term; focus first on the key resistance level at 98,000.

The long position set at 96,500 last night has already gained 500 points of profit; it is recommended to exit when the price rebounds to around 98,000.

The overall trading strategy for the day is primarily to short on rebounds, looking to short in the 98,300 - 98,500 range, with lower targets aimed at 95,500 - 95,000.

As for Ethereum, pay close attention to the support conversion level at 3,450; just short accordingly!

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