Bitcoin rebounded to a maximum of 94,500 in the morning and has retraced; the upward momentum is already weak. Do not blindly chase the rise excessively. As long as it has not fallen below 88,000, do not be overly bearish! On the 4-hour level, Bitcoin is expected to form an M-shape!

Those who entered short at 93,500 yesterday can continue to hold. For those who did not short, both 93,500 and 94,500 are short positions today, with a stop loss at 95,500 and targets at 92,500, 91,500, and 90,500. If it breaks, watch for 88,000.

Ethereum's short position from yesterday at 1,790 has been reduced but still holds; continue to hold. For those without a short position, continue to short at the rebound levels of 1,780 and 1,820, with targets at 1,750, 1,720, and 1,680, and a stop loss at 1,850.