Recently, the movements of Bitcoin and Ethereum have been quite fierce, especially this weekend, with both mainstream coins outperforming expectations. However, from a technical perspective, we are currently at a very delicate position.

First, let's talk about Bitcoin. It has successfully broken through the 90,000 resistance level and is now stuck at the red middle line of the Schiff pitchfork. The next target is the red line of the modified pitchfork, approximately around 93,000. If this level is also broken, there is a high probability that it will surge to the 95,000 to 104,000 range, which would mean an early arrival of a wave B rebound on the weekly chart. But there is a problem—volume indicators have been rising continuously, and Bitcoin has already had four consecutive bullish candles, which usually signals short-term overheating. Generally, a pullback should occur, but the current pullback strength is insufficient, which is somewhat contradictory.

Turning to Ethereum. It is currently hitting the red line resistance of the Schiff pitchfork, facing significant upward pressure. For those who shorted at around 3,130 and have already moved their stop-loss to break even, they can consider holding their short positions or take profits and wait. In the short term, Ethereum is more suitable for shorting than Bitcoin, targeting the 3,000 level with a stop-loss set at 3,200.

Why is this moment particularly critical? First, the price trend itself is very strong. Second, the performance of open interest reveals some signs of overheating. However, if you say a pullback will happen immediately, the probability is not high. If Ethereum really breaks above 3,200 later, I will stop out without hesitation and look for opportunities to build small long positions. At the same time, I will prepare to increase short positions in the 95,000 to 104,000 range. That is the operational focus we should truly concentrate on.