Although Bitcoin had a slight rebound yesterday, the upward momentum was weak, reaching a maximum of only 103940 before facing resistance and falling back, subsequently entering a fluctuating downward channel. During the early morning hours, the market suddenly dropped sharply, with Bitcoin hitting a low of 101020 before finding support. Ethereum's movement was highly synchronized with Bitcoin, rebounding to 2447 before encountering resistance and falling back, reaching a low of 2230. Xiao Ge accurately predicted the market's bearish trend, and the suggested points perfectly materialized. Based on the trend layout, the short position strategy for Bitcoin set at 103800 was successfully realized, with profits taken at 101500, yielding a profit of 2300 points; for Ethereum, a short position was entered at 2435 and closed at 2283, gaining 152 points. Overall, yesterday's trading strategy was highly aligned with market trends, achieving the expected profit target.

From the daily chart perspective, the market has recorded three consecutive bearish candles, forming a typical three consecutive bearish pattern. These three bearish candles exhibit a clear step-like downward feature, indicating that bearish strength is continuously increasing. Although there were signs of a rebound at one point, the ultimately longer upper shadow exposed the market's weakness. In terms of trading volume, the rebound showed a significant lack of strength, while the decline was accompanied by increased volume, further confirming the dominant bearish market pattern. The short-term moving averages have shown a bearish arrangement, the MACD indicator has been diverging below the zero line, and the KDJ indicator has entered the oversold region but shows no clear signs of a turnaround. From a technical perspective, the market remains in a clear downward trend; without significant positive news stimuli in the short term, this bearish-dominated pattern is unlikely to change, and our strategy for short positions during rebounds remains unchanged.

Bitcoin: Short near 102500-103000, short-term target 100300

Ethereum: Short near 2330-2350, short-term target 2230