Good afternoon everyone, the overall market is currently slowing down. I reminded you yesterday morning that Bitcoin's rise was on decreasing volume, and I've been reminding everyone today as well. Currently, on the four-hour level, it is still in a Sideways position at the top. It is important to note that the current smaller-level top is getting lower and the bottom is also getting lower, which is quite a clear top. Since it can't go up, why not wait for it to pull back!

For the upcoming market, as long as the daily level does not break below 105800 on a pullback, it will be relatively difficult to form a significant retracement. Currently, we only need to pay attention to the four-hour level, focusing on the breakout situation of the high-level sideways range [106300-108300]. Time will pass quickly to Friday, and we still don't know if there will be a sudden attack in the evening; otherwise, this current volatility is really meaningless.

There are still many people who like to ask how to do long positions in Bitcoin. To be honest, I personally don't really recommend this situation, but since you've asked, I'll respond uniformly here. Currently, to form a volume breakout, it is necessary to stabilize above the position of 107600 on the hourly chart. Only then can a bullish volume breakout be formed. The lowest position for this bullish surge is certainly the previous resistance level at 108300. With such a small fluctuation, if this resistance level cannot be broken, it will still pull back. (Only if this resistance level is broken will the upper space be more considerable, looking sequentially at 108800/109600/110300.) That's all for the long positions for now!

For the short position (107400-107700) here to operate, it has been mentioned several times today, looking successively down to the nearby positions of 106500-106000 and 105300-104200!

Ethereum has dropped to the support level around 2380 in the early morning. Today, pay attention to the 2450 position. If it stabilizes above this level on the hourly chart, then the pullback on the smaller timeframes can be considered over. The targets and resistance levels above are sequentially 2480-2520-2560. If it doesn't stabilize, we will still look for a pullback at 2380/2310/2230.

(It's not that the market is hard to come by, but that you don't have a clear mindset.)