Last midnight, our bullish outlook was regrettably thwarted as Xiaosun exited the market. Last evening, the Bitcoin price once again broke above the 80,000 mark but did not sustain it, instead giving way to a pullback. We changed our strategy to go short both in the early morning and during the night. In the morning, Bitcoin's price even dipped to a low of around 74,578. Currently, the Bitcoin price has rebounded to around 76,300.

Regarding Ethereum, last evening it attempted to rise above 1,600 again, but the upward pressure remained relatively strong, preventing the price from breaking above. Moreover, the overall trend continued to show a downward movement throughout the midnight hours. By this morning, Ethereum's price had already reached a low of around 1,384, breaking strongly below that level. Currently, the price has rebounded to around 1,440.

The market continues to display a weak pattern, with bullish rebound momentum lacking, making technical corrections difficult to sustain. From a structural perspective, prices continue to face downward pressure after weak corrections, with bears controlling market dominance. Smaller timeframes indicate that selling pressure is intensifying, and prices have repeatedly tested support levels without effective support, indicating extreme lack of rebound momentum. It is noteworthy that the current technical shape exhibits characteristics of "corrections being a trampoline for downward moves," with each brief consolidation providing an opportunity for bears to exert pressure. The moving average system presents a bearish arrangement, the MACD indicator continues to operate below the zero line, and the Bollinger Bands are expanding downwards, with all technical indicators showing that bears dominate. The current market remains in a clear bearish trend, and any technical rebound could potentially mark the beginning of a new round of declines. However, there are no perpetual bullish or bearish markets. Moving forward, we must keep a clear head, focusing on rebounds before participating in high shorts.

For Bitcoin today, focus on going short at the upper level of 78,000, with the bottom around the 74,000 level for high short positions. For Ethereum, focus on shorting around 1,550. Aggressively, one can first catch a rebound before participating in high shorts.