Evening analysis shows that the current market is at the top position of the consolidation range. Let's first short based on the assumption that it hasn't broken through! Trading strategy: Short BTC at 96500-97000, target 95000-94000; short Ether at 3230-3260, target 3150-3100. Currently, the market has successfully fallen to the first target position as expected, BTC down 1500 points, Ether down 80 points, steady take profit, and after aggressive reduce position, continue to hold and observe for the second target position!

Currently, from the daily chart perspective, BTC has fallen below the bottom of the trading range at 101000 and has continued to drop to around 94000. This position can be seen as a short-term support level, while the strong resistance above has shifted to the previous bottom of the trading range at 101000. Therefore, if the market rebounds and touches the 100000 mark, one should not blindly chase in, thinking the market trend has reversed; a real change only occurs when the price breaks above 101000! Similarly, Ether has also fallen below the support level of the trading range bottom at 3280-3300 and has continued to drop to the previous low around 3050. This position can also be considered a short-term support level, with strong resistance above now shifting to the 3280-3300 range. Likewise, a break above this level is the true reversal signal!

On the 4-hour chart, BTC has continued to fall after breaking below the 100,000 level. In the short term, it is consolidating in the 94,000-97,000 range. If it breaks above, it will test the resistance level of 100,000. If it breaks below, refer to 93,500-92,000. Ether's overall decline is smaller than that of BTC and has not broken below the previous low, consolidating in the 3,100-3,250 range. If it breaks above, refer to 3,400, while the downward continuation looks at 3,950-3,800!

As mentioned multiple times before, in a trading range structure, one should sell high and buy low before the breakout, and after the breakout, follow the trend to enter! The current market is at the top of the consolidation range, so let's first short with the assumption that it hasn't broken through!

Operation Idea:

Short BTC at 96500-97000, target 95000-94000, stop loss above 97500;

Short Ether at 3230-3260, target 3150-3100, stop loss above 3300;

The strategy is time-sensitive and is subject to real-time guidance in private!

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