The essence of the market is a dynamic balance among countless variables, just like the rise and fall of tides, and the wind direction can change suddenly. No one can completely predict every fluctuation; accepting the uncertainty of the market and allowing oneself to make mistakes is essential to face the volatility with a more composed mindset. Bitcoin demonstrated a strong upward momentum last night, climbing up to 92273 before stopping, while Ethereum simultaneously rose to the 3034 line. Bitcoin's strong attack last night encountered resistance after reaching 92273, while Ethereum rose to the 3034 line. The short position set up by Lao Hu during the day was also stopped out, but then he caught the rhythm of the market's continuous rise, adjusting his strategy to lay out long positions to recover previous losses and turn a profit.
On the 4-hour level, after a deep correction yesterday, the price rebounded to the oversold level, reaching up to 92200, but did not break through the key resistance zone of 92000-93000, and the previous downtrend has not been fundamentally reversed; the selling pressure above 92000 has already been validated, and the market's willingness to chase long positions is insufficient, indicating a need for correction. If the price cannot stabilize above 92000, it is highly likely to retrace back to the middle track of the Bollinger Bands. On the daily level, the downward channel has not been broken, and the strong resistance box at the 92000-93000 range has been tested multiple times, all resulting in a high retreat. The current price is close to the lower edge of this box, and without a breakout with volume, it is likely to trigger a pressured retreat. In terms of operations, Lao Hu suggests shorting on highs relying on the resistance range of 92000-93000, with stop-loss set above the previous high.
Trading Suggestions
Short Bitcoin in the 92000—92500 range, with the first target at 89000, and if broken, look for continuation.
Short Ethereum in the 3030—3050 range, with the first target at 2900$BTC $ETH .


