Is tonight the last dance for the bulls?

U.S. stocks opened high but then declined, Nvidia stock rose 4.58%, Iran issued another statement preparing for conflict, crude oil stopped falling, cryptocurrencies surged then quickly dropped back after a sharp rise, indicating there is no buying support above but funds are defending the market, short squeeze is not over yet, trading really depends on the bigger picture!

During the day, the outlook is bullish but avoid chasing the rally, take partial positions on short orders at high levels, the lowest dip was to 8100, with a total space of over 1,000 points, Ethereum's rebound was too weak to add positions, the core position at 2400 short has about 60 points of room!

In the evening, observe the rebound strength, Bitcoin's small-level rebound resistance is at 8200, the hourly chart can't close above this level, continue to decline and watch 8060-7980, look for long positions at these two levels.

Ethereum's rebound strength is too weak, as long as the hourly chart can't close above 2372, consider abandoning long positions, as it retraces it will test the 2300 support, pay attention to rebounds at this level.