$BTC $ETH

Yesterday's market was overall in a downtrend, and the market began to pull back. We mentioned in yesterday's article that it is possible to take a light position in short positions. Currently, our short positions are still being held. The major cryptocurrency is still much stronger than the minor one. Let's first see if this round can break the support below. The support for the major cryptocurrency is around 104,000, while for the minor one, it is around 2,790. If these two positions break again, the major cryptocurrency will march towards 10,000.

Now, looking at the technical aspect, the Bollinger Bands on the hourly chart have been fully opened, but bearish sentiment is strong. The middle line of the Bollinger Bands on the four-hour chart is still upwards, but the MACD has converted to bearish across the board, and the daily chart is also overall trending upwards. Therefore, short positions can still be held in the short term, while the layout for long positions can wait a bit longer.