In the early hours of today, the price of Bitcoin (BTC) tested downwards and refreshed the previous low below 89,000, subsequently triggering a strong rebound, with a single-day rebound exceeding 4,000 points; Ethereum (ETH) moved in high synchronization with BTC, and this round of rebound has basically recovered all the retraction space from yesterday. From a technical perspective, the core trend of recent market fluctuations and downward movement is still continuing, and the current rebound is a technical recovery after a significant retraction, which has not changed the original downward structure. Therefore, after the end of this round of recovery, we will continue to follow the logic of a major downward trend and maintain a bearish outlook unchanged. $BTC $ETH