$BTC In every heartbeat of the market, true hunters never get lost in the noise. Fluctuations are the prelude to opportunities, and resistance is the touchstone of strength. When the majority hesitates, it is the golden moment for the determined to perceive direction and make precise layouts. Stay alert, remain patient; every breath of the market is brewing rich echoes for those who are prepared. At midnight, the market remains oscillating within a range. Bitcoin rebounded from a low of 108966, climbing to a high of 109963 before facing resistance and retreating. Ethereum also exhibited a similar trend, bouncing from a support level of 2563 to 2602, after which upward momentum weakened, and the rebound also provided us with an opportunity to enter short positions, which has now entered a correction phase again.
From the current daily chart perspective, after experiencing a round of oscillating decline, the market found buying support near key support levels, forming a clear downward testing action at the mid-track. Upon reaching the mid-track support, the bulls began to exert force, resulting in two consecutive trading days of positive candlestick bodies, indicating certain rebound momentum. Both of these positive candlesticks feature significant upper shadows, indicating that when testing the resistance zone formed by previous highs, the price encountered strong selling pressure. From a technical pattern perspective, the market has repeatedly attempted to break through the upper resistance level during the rebound process, but each upward attack failed to form an effective breakout, instead quickly retreating as it approached the resistance zone. This repeated testing without breakthrough fully verifies the suppression strength of the upper resistance area. During the rebound, there was no significant increase in volume, reflecting insufficient market willingness to chase higher prices, further confirming the effectiveness of the resistance level. In terms of operational strategy, we maintain our view of shorting on the rebound.
Bitcoin: Short near 109700-110200, short-term target 107000
Ethereum: Short near 2605, short-term target 2520
