Recently, the trend of Bitcoin has been quite volatile, with significant fluctuations. This morning, there was a spike that directly reached 98744. Just when the bearish momentum was strong, there was suddenly a rebound that stretched up to around 102700, with nearly a 4000-point swing. To rebound 4000 points under a strong bearish trend is indeed quite absurd. Subsequently, there was another spike of 3000 points at a high level, which seems to be aimed at washing out positions. The recent strategy should focus on stability; be cautious of blind and frequent trading.

The daily chart for Bitcoin closed with a doji at a low point, with long upper and lower shadows, meaning it has come back to the starting point today. It is currently hovering just above the middle band. The hourly bearish structure has already formed, so we should follow the trend. The four-hour level is also in a disturbance, and during the early morning, we can consider a short position to see the continuation of the bearish trend. Remember to maintain good risk management.

Bitcoin short at 100500, watch for 97000.

Ethereum short at 3600, watch for 3520.