At 4:00 AM, Bitcoin once again stood at the 100,000 mark, but did not stretch continuously as usual. It is evident that this time, although there was a breakthrough, the momentum was not as strong as before. Therefore, it was judged at that time that there was a possibility of a false breakout, and it was suggested that everyone short for a while. Looking back now, that thinking was relatively correct. Bitcoin reached a high of around 10,400 and then began to pull back.

The daily chart for Bitcoin is still in a high position with a doji star. The slight stretch in the early morning was also pulled down again by the bears. Now the moving averages are starting to turn downwards, and the four-hour bearish candlestick has engulfed the previous bullish candlestick. Short positions are taking profits as expected, and in the morning, we continue to look down in line with the trend, first checking the strength of the bearish movement.

Bitcoin short at 100,000, watch 99,000

Ethereum short at 4,020, watch 3,950