The recent movement of Bitcoin (大饼) is quite interesting. On the daily chart, it surged to the top of the 94500 range and then started to close with a bearish candle. I mentioned before that breaking through the middle resistance could lead to a top, and it seems this structure is still reliable—the range is between 94500 and 84500, with the current price stuck around 90000. Ethereum (以太) has also been rising steadily, breaking through 3030, and our target of 3320-3420 is basically reached. Currently, the daily range is bounded by the top at 3320, the bottom at 2770, and the middle at 3030; the structure remains valid.

The 4-hour chart provides a clearer picture. Bitcoin has clearly reached the top of the range, testing it twice without breaking higher, so the structure is confirmed. Yesterday’s long position setup also worked well, successfully taking profit at the top. As for Ethereum, the 3230 level is tightly suppressed; two attempts to test it failed, and yesterday’s long position was also closed with profit as planned. Moving forward, we’ll observe the retracement strength to decide what to do next. The strong support below is in the 3200-3030 zone.

Overall, after double top testing, the market has started to pull back. Yesterday’s long position strategy was executed quite smoothly. The next approach is to maintain a shorting rhythm at high levels.

Here’s the specific plan:

Short Bitcoin in the 92000-92500 range, with targets at 91000-90000, and stop-loss above 93500;

Short Ethereum in the 3230-3260 range, with targets at 3180-3100, and stop-loss above 3300.

Market conditions change rapidly, so real-time analysis is key.