Last night, the market at Auntie Tai once again staged a thrilling roller coaster trend. In the 4-hour chart, the market briefly pierced the key support level of 3530 like a sword, but quickly stabilized and rebounded at 3502, followed by a series of upward movements, reclaiming lost ground, and entering a phase of consolidation after testing the 3700 area. This false break occurred just around the 60-day moving average, which has formed a solid support line in the short term, making the 3530 line an important benchmark for short-term support. If this support is broken with a solid fall, caution should be exercised to wait for the formation of new support; on the contrary, it would be a good opportunity for positioning. As for the upper side, the short-term focus is primarily on the vicinity of previous highs. If a successful breakthrough occurs, attention should turn to the new resistance level of 3880. For intraday short-term operations, it is advisable to flexibly position around the aforementioned support and resistance zones for precise entry.

Bitcoin can be shorted at 96800-97000, with a target around 95000.

Ethereum can be shorted at 3690-3700, with a target around 3550.