Yesterday BTC surged to 82,800 then faced resistance and pulled back, with a low of 80,600. The pullback of over two thousand points still did not effectively break below the key support at 80,000. The bears haven't gained the upper hand for now, and the bulls shouldn't be blindly optimistic and shouting for new highs. The market still needs to move step by step; don't be misled by short-term rises and falls.

Currently chasing the rally offers a very low cost-performance ratio; blindly going long above 80,000 can easily get trapped. Those wanting to try shorting can wait for the price to rebound to the strong resistance zone of 83,000-84,000, with a small stop-loss for light positioning. For low-cost longs, it's recommended to patiently wait for the support zone of 79,500-78,500 to enter in batches, providing a safer cushion. The recent rally has heated up market sentiment too much, and now the easiest to kill is chasing high. The risk of a sharp drop from high levels must be anticipated in advance.

ETH yesterday retraced from 2,420 down to 2,310. Those wanting to try shorting can watch the resistance at 2,480-2,520, which is near the previous high and a pressure zone. There's a good chance of a pullback from high levels. For low-cost longs, you can rely on the 2,300 level for light long entries, with a small stop-loss of 20-30 points. Even if you get stopped out, the loss won't be much. Once support holds and a rebound begins, there's a chance to reach 2,400 or even challenge 2,500. Using a small stop-loss to aim for hundreds of points of profit is a very worthwhile trade. $BTC $ETH