This morning, the price of Bitcoin experienced a wave of fluctuation. After rebounding from a low of $118,010, it is currently hovering around $119,600. The long positions strategy laid out yesterday has already gained about 1000 points of profit.

From a short-term technical perspective, Bitcoin is operating near the upper band of the Bollinger Bands. On the hourly chart, the KDJ indicator shows an upward trend, and the MACD indicates strengthening long positions. However, the four-hour chart shows significant overhead resistance, with the KDJ indicator in the oversold region, which may face a risk of a rebound.

Based on the current market conditions, investors may consider the following strategies: consider shorting when the Bitcoin price rebounds to the range of $120,200-121,000, with a target price around $119,000-118,000. For Ethereum, if the price rebounds to the range of $4,320-4,350, consider shorting, with a target price around $4,270-4,230.

It is important to note that the cryptocurrency market experiences significant fluctuations, and investors should operate cautiously and manage risks effectively. In addition, market conditions change rapidly, and investors need to closely monitor the latest market trends and news to adjust their strategies in a timely manner. Before engaging in any trading, it is advisable to conduct thorough research and analysis and make decisions based on their own risk tolerance.