$BTC The fluctuations in the cryptocurrency market are like turbulent waves; do not fear them but learn to ride them. Every rise and fall in the market is a moment for wealth redistribution. Seize the opportunity, invest rationally, and use wisdom and courage to write your own wealth legend. The morning market review shows that Bitcoin rebounded after reaching the support level of 115865, and then quickly surged past the 117947 line. However, the upward momentum could not be sustained, and the market fell back to stabilize at the support level of 116484. Ethereum's trend also showed a corrective adjustment, with the price retreating under pressure from the 3798 resistance level, experiencing a one-sided decline before finally finding support at the low of 3651. Overall market trends are in line with expectations; the bearish outlook given in the morning has been perfectly fulfilled. In the VIP segment, we accurately laid out a short strategy for Bitcoin at 117500, successfully exiting at 116000 and capturing a profit of 1500 points. The short position for Ethereum at 3770 was also entered simultaneously, ultimately securing a perfect profit at 3700, earning a steady 70 points. After a brief market rebound, we decisively re-entered the short position at 3781. As the market continued to decline, we eventually exited at 3684, successfully capturing a profit of 97 points.

From the current market trend, after the price broke through the previous high to set a new high, the market has already formed a distinct short-term descending channel in terms of technical structure. The market is repeatedly testing the lower support area with alternating bullish and bearish candlestick patterns. From the intraday chart, the price has been constrained by the 5-day moving average during the morning session, and after several failed attempts to rise, it began to oscillate lower. Currently, the 126000 level has been tested twice, and we maintain our bearish outlook from the morning, continuing to look downward.

Bitcoin: Short around 117500-118000, short-term target 116000.

Ethereum: Short around 3720-3750, short-term target 3650.