Since the rebound of Bitcoin starting from 97800 last Friday, we have suggested a reversal to short. On Sunday, we updated to continue shorting at 96000, including the current short position at 95100 this Monday morning, which has mostly been realized.

Recently, the short-term strategy has been quite clear, and the suggested levels have mostly been fulfilled. The strategy and intraday handling are essentially the same structure and pattern, with no significant changes. The main technical points are not very difficult; the basic operation follows the right-side trading approach, which is relatively stable. This is something that fans who have been following us should understand. The benefits have essentially been delivered to you through our public layout, and all ideas have been made public in advance. If you didn’t catch it, there’s nothing we can do; time is always the best way to prove strength, no need for more words.

Currently, the short-term pattern is still bearish, and this hasn’t changed much. After all, the rebound last Friday evening reached a critical resistance level without breaking through, and we provided clear guidance. The current technical pattern also supports our view, with bulls exhausting after a rise and a pullback occurring, while the continuous oscillation correction hasn’t shown significant rebound strength to recover the losses. There are no obvious signs of bottoming reversal yet, and the bears have shown a certain continuity. In the short term, we still need to treat it with a weak downward oscillation approach. Although the likelihood of continuing a one-sided decline seems low, there remains a downward expectation in the short term. Tonight, we will continue with the main short strategy and look for positions to follow the trend!

On Monday midnight, above 94000, those who followed can appropriately reduce positions based on their own situation, leaving some positions to continue looking down. For those who haven’t followed, if a rebound occurs in the 94000-94500 range, it can still be shorted. The lower targets remain unchanged, still looking at 92800 first, and then around 91600! As for Ethereum, there isn’t much volatility during the day, but based on the current pattern, it is highly likely that 1800 will not hold. A pullback is a highly probable event, so shorting above 1800 is still valid, with the lower first focusing on the 1700-1730 range. We will make adjustments based on the market pattern in the short term! #加密市场回调