Do not chase short positions during pullbacks, but rather let everyone buy low. Bitcoin entry at 103600 is now up to the 105000 level, with a floating profit of 1400 points on the long position, which can be partially closed.

It is normal to have a rise and then a fall, do not chase shorts, prepare to enter long positions!

The adjustment of Bitcoin at high levels is a normal phenomenon. Last night, it rose to the line of 108366, and continuous new highs have led to profit-taking, which is also a normal phenomenon. It is not the case that as soon as there is a pullback, people start to sing bearish. One needs to see if it breaks below 100,000; some may be a bit premature. The daily K-line has been tightly following the upper Bollinger Band. There is demand for an upward movement, but the space is limited, so a pullback is very normal. The 4-hour level has broken below the middle Bollinger Band. At this time, chasing shorts is, in my opinion, risky. Although we are currently in a pullback, coming down from the high of 108366 to around 104000, we have already pulled back more than 4300 points. Chasing shorts at this time is likely to end up catching the bottom, so it is still better to focus on going long at lower prices.

For Bitcoin, look to set up long positions at the two levels of 103600 and 102700, aiming for targets at 105000-107000-109000.

Ethereum is currently priced at around 3820, and it is testing the support of the daily K-line’s middle Bollinger Band. I think it’s feasible to set up long positions at this level, and then add more at 3770, aiming for targets at 3850, 4000, and 4100.