$ETH Good morning everyone on this new day. Looking back at the overall market trends in the early morning, the price of Bitcoin continued to retreat overnight, hitting a low of 112301 before bouncing back. In the early morning, it reached a maximum of 114440 after several rounds of upward movement. Ethereum's price dropped to around 4104 last night before rebounding and rising, with a maximum recovery to around 4371 in the early morning, where it faced resistance. Unfortunately, the bearish outlook provided at midnight yesterday was regrettably stopped out.

After Bitcoin's price dipped to 4104, it also provided a rebound. The current price has already rebounded and broken through the 4300 level, and this rebound is still ongoing. This trend perfectly aligns with my previous insights indicating a significant rebound demand in the current market. Although the hourly line has successfully broken through the mid-track, the larger structural pattern has not significantly changed. The current rebound is still a technical correction after a substantial price drop. Our approach remains unchanged; we will look to short around the high points of the rebound.

Bitcoin: Short at 114800-114600, target 112500

Ethereum: Can short near 4370, target 4230 #加密市场回调