#ETH反弹在即？ BTC has fallen more than 5000 points from the high of 113900, currently stabilizing around 107700 with a rebound. The current price is around 108300. Yesterday, the market also repeatedly tested near 107500 but failed to break down further, so the support level below is still quite apparent. Shorting during the day means going for a higher position. Even if you missed the midnight dumping, it is not recommended to chase the short directly. The support levels below 106000 and 103000 are previous low points where the market stabilized and rebounded, and unless they are effectively broken, the market will not suddenly get dumped. It should be approached step by step.

The overall trend is still bearish, but it is possible to take short-term long positions, as going for higher prices is more profitable. It's not worth taking short positions, as being stuck is uncomfortable. During the day, pay attention to the support levels at 108000 and 107500 for short-term longs, with targets looking at 109500, 110500, and 111500. For shorting, one should wait near the high point of 111600 where the double bottom could test on Monday; at least we need to reach this level to consider shorting. Additionally, the high point of 114000 where it opened and dumped early in the morning acts as resistance, and further up, the mid-band resistance of the daily K-line is at 115500.
The support for ETH is focused on 3830 and 3800; you can try to catch a rebound here. The resistance above is at 3920, 4000, and 4080. It's also advisable to look for a rebound by going long at lower levels, while shorting should be observed further, at least waiting to reach 4080 to enter.