Yesterday's market was generally on a downward trend, and the market began to pull back. In our article yesterday, we also mentioned that we could take a light short position. Currently, we are still holding our short position. Bitcoin is still much stronger than Ethereum. Let's see if this round can break the lower support. The lower support for Bitcoin is around 104,000, while for Ethereum it is around 2,790. If these two levels break again, Bitcoin will march towards 10,000.

Looking at the technical side, first, the Bollinger Bands on the hourly chart have been completely opened, but the bearish sentiment is strong. The middle band of the Bollinger Bands on the four-hour chart is still upward, but the MACD has switched to bearish. The daily chart is also generally upward. So, short positions can still be held, and the layout for long positions can wait a bit longer.

Bitcoin: Pull back to around 104,000-104,500 for long, target looking at 105,500-16500.

Ethereum: Pull back to around 3,790-3,815 for long, target looking at 3,850-3,900.