Bitcoin's recent trend indeed tests people's nerves. If this move isn't just a dip at the 3400 level but a direct break through, it could catch many off guard.

From the current situation, both long and short positions face significant risks. Interestingly, everyone is waiting for a pullback, but the market makers might play a reverse operation—similar to last week, where they first pushed the price up to entice buyers, then suddenly dropped it with a waterfall. If shorting at 3350, setting stop-loss around 3375 would be more prudent.

On the technical side, there are two short-term defense lines: resistance at 3450 above and support at 3050 below. Once it breaks below 3250, that level can be considered as a new support for a pullback.

Tonight's movement might still follow a pattern of dropping first and then rising. Watch the market reaction before making further decisions. Bitcoin and Ethereum have been oscillating within this range recently; don't be scared by short-term volatility—controlling risk is the most important.