Since the evening, Bitcoin has been constantly testing resistance. The small-scale bulls have launched wave after wave of counterattacks, but none have managed to break through directly. With the spike that occurred in the early hours of the morning, this round has also calmed down...

The upper resistance at 98k is currently strong. Given the current instability, the entry point mentioned yesterday has become a very ideal position. Next, we only need to pay attention to when we can close below 96.3k today.

As for Ethereum, it not only resists declines but also has well-controlled upward momentum. Yesterday, driven by Bitcoin, there was only one spike above 3500, clearly leaning towards a downward trend. The price is unable to stabilize at high levels, which is a relatively favorable situation for bears.

The only point to note in this wave is the cyclical pressure of Bitcoin around 101400. If Bitcoin has a strong possibility of breaking through, then we need to be cautious in this round of shorts, and risk control must be well managed; but if it's just constant testing, we will continue to look for opportunities to re-enter or add positions.