The bearish trend continues, and the rebound is weak, hiding the risk of breakdown

　　On Thursday evening, Bitcoin once again experienced a significant decline, pulling back from around 114000 to 112033, where it stopped falling. Although there was a slight rebound afterward, the strength was limited; Ethereum also retraced to around 4205 to stop falling. During Thursday, Lao Hu repeatedly reminded everyone to position short, with Bitcoin shorts capturing 1500 points of space and Ethereum gaining over 90 points. Other short-term trades won't be detailed. Friends who have followed Lao Hu's thinking recently have basically reaped significant rewards. #BTC #ETH

　　From an overall market perspective, the downward wave that started from the high point of 124500 shows a stair-step downward structure characterized by lower rebound highs and refreshed lower lows, with each rebound high lower than the previous rebound peak. The bullish attack momentum continues to weaken, and the downward segment keeps refreshing lower levels, presenting a clear rhythm of breakdown followed by continuation. The structure and volume characteristics of the bearish trend have not shown any reversal signals; the rebound is merely a continuation of the decline, and maintaining high shorts remains the optimal strategy.

　　Operational Suggestions

　　Short Bitcoin around 113000, with a target of 110000

　　Short Ethereum around 4280, with a target of 4150