Recently, this wave of market movement has indeed been clearing out the shorts. For the past month, there haven't been any real opportunities for shorting; buying on dips has been the main theme. The recent strong rebound was quite satisfying, with Bitcoin rising from 89,000 and those who followed along should have gained some profit. However, to be honest, the upward space is actually limited now, so caution is advised. Currently, it might be a good time to consider medium-term short positions.

This rally was mainly triggered by positive CPI data, combined with other favorable factors stacking up to push the market higher. But there's a detail worth noting—the amplitude of new highs is narrowing. Previously, the increase was around 4000-5000 points; now it's only about 2000 points, indicating that upward momentum is clearly waning. The trend hasn't reversed yet, and there could still be further highs, but risk control is essential.

From the daily chart perspective, Bitcoin has seen continuous bullish candles breaking previous highs, with the MACD red histogram steadily enlarging, EMA showing a bullish alignment, and RSI exceeding 70, indicating a strong trend. However, when shifting to the hourly chart, key points need attention. During the oscillation around 97,000, the bullish momentum of MACD started weakening above the zero line, and RSI approaching 75 shows increasing overbought pressure. The 7-day and 30-day EMAs serve as support levels below, so a pullback risk does exist.

Based on technical analysis, here are some trading ideas:

For Bitcoin, if you want to go long at low levels, consider entering around 95300-95700, with a stop loss at 94500, targeting 98200-99000. If aiming for a rebound at the top, 98900-99500 is a suitable high short entry, with a stop loss at 10000 (pay attention to the stop loss range), and a downside target of 96600-95800.

For Ethereum, a low-buy strategy is to enter at 3280-3300, with a stop loss at 3240, targeting 3580-3620. For a high short, 3550-3600 is a good testing point, with a stop loss at 3620, and a downside target of 3380.

Overall, the main strategy should still focus on low buy-ins, while remaining alert to potential pullbacks on the hourly level. Signs of waning momentum have already appeared, so don't be too greedy.