Recently, Bitcoin completed the top-bottom position switch near 94,700. Technical indicators show that the probability of a downward move in the next couple of days is low; instead, it is more likely to continue exploring higher levels. The range between 98,000 and 100,000 could become a short-term target.

Ethereum is also facing a similar situation. After breaking below 3,280 yesterday, it has already recovered. The significance of this support level is similar to that of Bitcoin — limited downside space. The next step is to follow Bitcoin and push towards around 3,460.

For short positions that are already trapped at high levels, the most important thing now is not to rush into adding more positions. From the daily chart perspective, there are no clear reversal signals for the downward trend yet. Many people make the mistake of stubbornly holding onto their positions, waiting for the price to turn around, but end up losing their positions. This is not only a capital issue but also a psychological one.

A clear reversal signal should be like this: Bitcoin stabilizes above 107,000, and Ethereum also holds above 3,650. Only then can the situation be truly reversed. Until then, try not to hold stubbornly. Even if you manage to avoid liquidation through persistence and return to your principal, it’s just that others have already taken profits and exited early, while you are still stuck in the same place.