Last night, the overall market finally pulled back downward. I recommended short positions around BTC 94500 and Ethereum 3250 on my side, and it turned out pretty well, with decent results.

Honestly, I personally think this upward trend is about to come to an end. If you are holding short positions with profits, I suggest adjusting your stop-loss to the profit zone and holding on. If you don’t have short positions, that’s okay; you can wait for BTC to rebound around 93700 or Ethereum around 3290 before entering. If you’re worried about chasing the high, you can take a small position at the current price and add more on the rebound. For heavy positions, set your stop-loss at the highest point before this round of big gains.

From the daily chart, BTC’s KDJ indicator is showing signs of turning downward. The retracement of this upward move is roughly around 90500, so if you want to go long, it’s most reasonable to wait around 90500. If it drops to 89500, that’s an even better opportunity for low-cost entry — the golden position for long entries.

**Key levels to watch today:**

**BTC:** Keep a close eye on the 93000 level. As long as the 1-2 hour candlestick can stay above this level, the short-term rebound can gain momentum. Resistance levels above are at around 94750, 96450, and 98160. Conversely, if the close today still cannot hold above 93000, it indicates insufficient momentum for a short-term rebound, and a downward move should be feared. Support levels below are at 91200, 89610, and 88200.

**Ethereum:** The focus today is on the 3238 support line. As long as it doesn’t break below this, the bullish pattern remains solid, and the probability of further upward movement is high. Resistance levels are around 3307, 3357, and 3397. But if it does break below 3238 today, it means the 1-2 hour timeframe has entered a correction mode, and support below should be watched at around 3200 and 3188.