This week's tail dive at 112000 marks the beginning of a bear market, or is it a support rebound? Looking ahead to next week, how will TBC.ETH perform?

Looking back at this week, the high short strategy paid off again, with a long-term bearish outlook given at 119000 last weekend, targeting 110000. At the end of the week, there were multiple alerts to short, and on Friday and Saturday, it directly dropped below 112000. The range offered 4000-7000 points of profit, making it quite rewarding. From Monday to Thursday, the market oscillated within the range, providing ample opportunities for profit. Overall, this week’s strategy was to short high while supporting low, allowing for easy trading and picking.

Reviewing Bitcoin, it broke below the support of 113000 on Friday, and continued to decline on Saturday, hitting a new low. Although there was some short-term support, the rebound space was limited, and the trend remained bearish. On the weekly level, after being pressured at high levels, there was a significant bearish close, showing signs of a peak. On the daily level, following a high-level adjustment, it experienced consecutive large bearish declines, presenting a bearish pattern, with the Bollinger Bands also diverging downwards. No significant signs of a rebound have been observed in the short term. In summary, the larger market has clearly weakened, and the likelihood of continued downward movement is high, so our main direction remains bearish.

Looking at Ethereum, before the price broke 3900, signals to short in the 3900 region were given across the network, with the current low at 3550. The long-term outlook has also been validated. Similarly, the rebound is limited, and all major levels present a bearish pattern, with the larger direction continuing to be bearish.

In terms of operations, it is recommended to short Bitcoin around 114000-115000, adding to positions at 116000, with a short-term target at 112000. The swing target is 110000, with a long-term target at 105000, and a breakout target at 100000.

For Ethereum, it is recommended to short in the 3520-3600 region, with a swing target at 3300, a long-term target at 3100, and an extended target at 2900. $BTC $ETH