Some people, during the day, see the market rise and shout 'bull market, quick return,' but at night when it falls, they cry and blame the market makers. Little do they know that the market specializes in dealing with various discontents, and both bulls and bears never last overnight. Doesn't today’s market resemble your life? Just when you think you’re about to take off, you get slammed back to reality, and after a rebound to a high point, you find out it’s just an illusion. When Brother Xiao opens a short position, how many are left hanging halfway up the hill as fuel? Remember, candlesticks don’t lie; what lies is your greedy heart that always wants to catch the bottom and escape the top. In the early morning market, you either follow the trend obediently or wait to be harvested as chives by the trend; choose for yourself! Looking back at today’s market, Bitcoin faced resistance at 94517 in the early session and quickly dipped to a low of 92700. Subsequently, bullish forces gathered for a counterattack, with prices strongly rising and briefly touching a high of 95578. However, the subsequent bullish momentum was insufficient, and prices retreated again, dropping to a low of 93367 in the evening. Ethereum's movement was similar, first falling from a high to 1750, then rebounding to 1826, where it encountered resistance. The evening market declined, reaching a low around 1742. Throughout the day, Brother Xiao's bearish outlook was accurately validated. For Bitcoin, in the early session, a decisive short position was established at 94250, successfully taking profits at 92900 for a gain of 1350 points; in the evening, another short was entered at 95450, and profits were taken at 93600, yielding 1850 points. For Ethereum, a short was initiated at 1805, and closed at 1765 for a gain of 40 points; later in the evening, a short was set up at 1820, with profits taken at 1755 for a gain of 65 points.

On the daily chart, Bitcoin rebounded after a significant decline, recently encountering clear resistance during the rebound, showing a consolidation pattern. The current price fluctuates near the short-term moving average, with a clear divergence between bulls and bears. Overall, the rebound strength is limited, failing to effectively break through key resistance levels, and there’s a possibility of forming a top pattern. The Bollinger Bands show prices approaching the upper band but have not been able to effectively break through and stabilize, indicating significant upward pressure. The upper band evidently suppresses the price, and once the price turns downward, it will open up downward space. From the 4-hour chart, multiple small high and low points formed during the upward process show that although the current price is high, the upward momentum seems to be lacking, and bullish forces struggle to maintain a sustained upward trend. In the early morning, watch for a rebound, and then look for a correction; do not chase after high prices.

Bitcoin: Short near 94500-94800, short-term target 93000

Ethereum: Short near 1780-1800, short-term target 1750