This week's market trend for #ETH创历史新高 showed a distinct pattern of "first decline, then rise." Starting at around 117,600, the market began a step-by-step decline, breaking through the 112,000 mark and the previous support level of 118,220, reaching a low of 111,620. After stabilizing at the bottom, the market saw a temporary recovery, but Thursday evening, influenced by the initial jobless claims data, saw it fall back to around 112,000. A turning point occurred Friday evening, when Federal Reserve Chairman Powell delivered dovish signals, sparking a sharp rebound, reaching a high of 117,400, with potential for a unilateral increase of over 5,500 points. Meanwhile, Ethereum performed strongly, reaching a new high of 4,888. The weekend saw a generally stable market, primarily fluctuating around 115,000. This week, Yang Jie secured 18,800 points of market share through 11 Bitcoin trades and 1,542 points of market share through 13 Ethereum trades.

The current trend on the Bitcoin 4-hour chart is clear: After the previous rally ended, the market entered a period of weakness, with weak rebound momentum and prolonged price fluctuations in a low range, showing no signs of a meaningful upward move. If this weak pattern persists, prices will be unable to stage a meaningful rebound, and downside risks will gradually accumulate, increasing the probability of further declines. In light of the current weak and volatile market, we recommend shorting on rebounds—shorting on any rebound is opportune. Specific trading recommendations for tonight are as follows:

Bitcoin: Short positions around 115,500, with a target around 113,500.

Ethereum: Short positions between 4,750 and 4,780, with a target around 4,650.