The price of the coin fluctuated, and after a day, it once again rose to a peak of 99323 in the evening. Subsequently, it fell back to around 97570. The bullish idea we proposed in the afternoon has also been validated. In the evening, Ethereum reached a high of 3547 before pulling back and is currently running around 3470.

From a technical structure perspective, on the four-hour level, the price has recovered upwards, but the high did not receive sufficient volume to break through, leading to a pullback. There is strong selling pressure at high levels, and the bullish momentum cannot be maintained. The fluctuations are merely to further lure in buyers, controlling the pace of decline. In the short term, there is a narrowing downward fluctuation, and with the arrangement of bearish volume, we will treat the situation with a rebound short.

Operational Suggestions

Short Bitcoin at 99000-98500, target 96500

Short Ethereum around 3500, target 3400

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