Friday, bullish rebound resistance, shorting still needs to be timed

The impact of this drop is indeed significant. The midnight fluctuations did not manage to break through and stabilize at the 960000 level throughout the night. Overnight, there was a tug of war around the narrow range of 96000-95000, with frequent rhythm changes indicating signs of consolidation. Today is also Friday, so we should be cautious of a potential pump to trap traders, thus we adopt a short position strategy.

From a technical structure perspective, the daily chart shows a large bearish drop with increased volume. The middle band of the Bollinger Bands is exerting strong pressure. This is a critical point in the larger cycle; as long as this level holds, we still expect weak fluctuations. Only a break below the previous low around 92000 can confirm a bearish trend. Currently, the range-bound movements are insufficient to indicate anything significant.

Short at the Bitcoin range of 96500-97000, target 94000,

Short at the Ethereum range of 3350-3380, target 3250,

Manage your positions well with defensive strategies, scale in gradually, keep key levels in mind, trends will follow. Avoid getting attached to short-term trades. #比特币市场波动观察 $BTC $ETH