The price of the currency fluctuated after a day, with the evening price again reaching a high of 99323. Subsequently, it fell back to around 97570. The bullish mindset we provided in the afternoon was also validated. In the evening, Ethereum surged to around 3547 before pulling back and currently running near 3470.

From a technical perspective, in the four-hour timeframe, the price has recovered upwards, but the high was unable to break through with significant volume, leading to a pullback. There is strong selling pressure at the high, which cannot maintain the bullish trend; the fluctuations are merely to further entice buyers, controlling the speed of decline. In the short term, the amplitude of fluctuations is decreasing downwards, and with the arrangement of bearish volume, we will treat the evening with a rebound short.

Operation Suggestions

Short Bitcoin at 99000-98500, target 96500

Short Ethereum around 3500, target 3400

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