The rebound strategy given yesterday during the day was successfully executed, capturing a range of 1200 points!

On the daily chart, Bitcoin has seen a series of bearish candles followed by a bullish close. Currently, the short-term trend is showing a wide range of fluctuations. However, from a longer-term perspective, it remains in a pattern dominated by the bears.

Looking at the four-hour chart, although the bears attempted a counterattack in the early hours, they were unable to fully recover the lost ground. As the upward momentum gradually weakens, the support strength below is starting to become apparent.

The current price has already touched the lower boundary of the descending channel, and the downward momentum has slowed. However, due to the pressure from the middle band of the Bollinger Bands, there is still potential for further decline in the short term.

For the trading strategy during the day, it is recommended to first adopt a short position, and once the price declines to a certain point, then reverse to a long position.

Bitcoin: Range of 94500-95000, target 93500 for a breakout, if not broken, consider going long.

Ethereum: Range of 1820-1840, target 1750

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