The market is ever-changing, with trends that are unpredictable, constantly presenting various traps that take advantage of vulnerabilities. Walking along the riverbank, who wouldn't get their shoes wet? If one accidentally falls into it, one must pull out in time, rather than sinking deeper. Today's market continues the rhythm of recovery from yesterday, providing multiple opportunities for upward rebounds, but it has not stabilized above 113000. The overall recovery strength cannot be denied, but under the influence of the overall trend, the current recovery strength seems a bit insufficient. Previously, there was a direct waterfall decline, and today there has been continued low-level fluctuations, with recovery not sustained, still dominated by bears. The short positions during several rebounds provided decent gains, with Bitcoin also gaining over 1000 points by midday, and Ethereum capturing over 60 points of space. Currently, the price comparison continues to fluctuate at a low level, and there isn't much room for rebounds in the short term. This already represents a very strong trend structure. The ideas presented for the evening have been made very clear; in this kind of market, one can only go short, and going long is completely unviable, as there is no substantial rebound.
Currently, the bulls are slowing down their volume, and the key point entering the consolidation phase is that the movement is slow, and the space is not very large. Thus, when following up, selecting points is relatively critical. In the short-term oscillation and downward pattern, attention should still be paid to the continuation of the bears, and secondly, observe the strength of the rebounds. If the rebound strength is small, look to go long at low levels. If the key position breaks, follow the trend and continue to look for upward space. Currently, the four-hour line shows weak rebound strength, and the trend is in a downward oscillation. Therefore, this evening and in the future, continue to rebound and look to go short for downward movement. After the pullback stops, one can still choose to make short-term longs to respond flexibly.
In the evening, Bitcoin can be shorted at 113000-113300, with the initial target focusing on 111000.
Ethereum can be shorted at 4215-4235, with the initial target focusing on below 4100.
