Thursday, the early session will directly short first, watching for a pullback!
These past two days have been more of a roundabout action, with the upper pressure concentrated at the 100000 level. If the short positions haven't been cleared yet, then it is estimated there will be another round up to 101000. However, according to the early session's habitual thinking, if it rises, it will also drop once first. So, in the early session, I suggest everyone to short first, and watch for a pullback action. The lower support is at 97000, the low point area from yesterday. If it doesn't break here, we can consider going long after a roundabout move.
Regarding the short position swing, I'm still holding the short from the 98000 area. If it still doesn't go down today, I will consider clearing it and wait for a high point to short again. Everyone should avoid averaging down and over-leveraging; just stick with one direction.
Ethereum is similar, not much strength has emerged. For now, we will follow the rhythm and watch for the pullback trend.
