The intraday market has once again completed its cycle, with Bitcoin rebounding to around the high point of 95578 and then retreating. Ethereum followed the same trend as Bitcoin, rebounding to around 1826 before falling back. In the evening, a bearish outlook was provided, and another short position was taken. When Bitcoin reached 94820, a short position was entered, and it was exited when it dropped to 93925, netting over a thousand points again. The market continues to demonstrate a V-shaped structure, and as long as a suitable entry point is found, one can simply wait for the wind to come. If still confused about how to enter the market, it might be helpful to broaden the perspective a bit.

Currently, from the market's perspective, the Bitcoin daily chart shows a doji candlestick with a long upper shadow. After providing some upward space, it has once again retraced. The resistance above remains evident, and the box structure has not yet broken through. The bullish trend is weakening, and the 4-hour structure shows consecutive bearish candles continuing to dip, with multiple tops forming frequently during the bullish rise. The tug-of-war between bulls and bears will widen the range. Until the clear resistance level above is broken, we still expect a rebound and will continue to approach with short positions.

Bitcoin can be shorted in the range of 94000-94500, targeting around 92000, while Ethereum can be shorted in the range of 1770-1790, targeting around 1680. #比特币 $BTC