The early morning market has already run its course. Our idea of looking for a rebound before continuing to short has been reaffirmed. After we exited the big contract short position last night, the big contract once again provided a rebound, peaking around 96825, before declining again, hitting a low of 95718. The bears gave us over a thousand points of space, and only then did the price stabilize again, allowing us a strong rebound, currently peaking around 97368. I've been consistently advocating the idea of shorting; as long as we can exit the position in a timely manner, I believe we can definitely hold our ground and not be affected by this rebound.

The big contract has formed a bottoming rebound pattern, with three consecutive daily candles pulling upwards, once again testing previous highs. However, the price is currently hovering around 97000, undergoing consolidation and correction. Whether it can continue to break upwards remains to be seen. Ethereum has formed a similar pattern, but the range is slightly smaller, forming a doji candlestick. The doji pattern near this level is quite pronounced, also signaling a potential evening star, suggesting that the market may continue to head downward. From the 4-hour chart, the Bollinger Bands are opening up, and the price is currently below the upper band undergoing consolidation and correction. Whether it can break through the upper band resistance again remains to be seen. In recent times, the pressure has been quite significant. Our view on high shorts remains unchanged; the price is near the upper range, so we must defend the level around 98000. In terms of operations, we will look to short at higher levels.

The big contract can be shorted in the range of 97200-97700, targeting around 95000; Ethereum can be shorted in the range of 1810-1840, targeting around 1720. #比特币预测 $BTC