Yesterday, the market fluctuated downward, with Bitcoin retreating from a high of 116928, stabilizing at 113383 before dipping to 112700 at midnight; Ethereum pulled back from 4388 to 4157, reaching a low of 4100, with the bearish trend remaining unchanged. Real market short positions were quite profitable, with Bitcoin gaining 2629 points and Ethereum gaining 42 points.
The current market is weak, the downward trend is established, the bears are dominant, and the bulls have little strength to rebound, with clear selling pressure at resistance levels. The strategy focuses on 'shorting on rebounds'.
Operational suggestions:
Bitcoin: Short positions around 113700, target 112000
Ethereum: Short positions around 4170, target 4000
