#BTC Recently, Bitcoin's price has recovered to around 98,000 last week but faced resistance and pulled back. The overall adjustment over the weekend was obvious, with the price mainly consolidating around 95,000. There was no further bullish volume increase, and the structure appeared relatively weak. As for Ethereum, last week it failed to break its short-term high and declined under pressure. The key resistance zone above 3400 remains significant, and currently, it stays above 3300 for consolidation, but overall bullish momentum remains weak. Recently, I’ve been handling some matters and haven't shared many strategies, but I’ve long discussed many medium- and long-term outlooks in live broadcasts. The key resistance at around 98,000 is an opportunity for our long-term short positions. I wonder how many friends have followed along?

Looking at the current market, the daily chart shows a series of downward candles, indicating a phase of testing highs and pulling back. The overall bullish volume has not broken through the key resistance at around 98,000. The price has reached the upper boundary of the upward channel, and the trend shows a pullback correction. Currently, the KDJ indicator's three lines are converging and showing signs of a death cross, which aligns with our recent view of a correction from high levels. In the medium term, focus on the middle band for support during the pullback. Combining the four-hour chart, the weekend maintained a sideways consolidation pattern. After the recent high, Bollinger Bands are tightening as the K-line consolidates. The market is about to show some upward movement. Trading volume has remained sluggish recently, and the moving average structure is gradually downward-adjusting. Future adjustments should focus on the support of the 120-period moving average on the four-hour chart. Today’s early trading strategy mainly favors a high-level short view.

Bitcoin can be shorted at 9500-9550, targeting around 9350. Ethereum can be shorted at 3340-3370, targeting around 3250.