Currently, looking at #比特币市值排名 , the daily line shows a short-term reversal signal after rebounding to the 95000 line. Although this round of increase has significant space and strength, in terms of sustainability, it currently does not possess the conditions for a direct breakthrough to new highs, whether in correlation with the US stock market or gold. The overall risk market still faces liquidity constraints. In the short term, the net inflow of funds into BTC spot ETFs has been continuously increasing, along with the total market value of stablecoins also on the rise. However, with profit-taking at high levels, the upward momentum is weakening. Additionally, in terms of technical indicators, the MACD is at a high point in a bullish cycle, and the RSI is showing overbought conditions, indicating an expectation for a pullback to repair indicators in the short term. On the 4-hour line, the K-line has continuously declined with fluctuations, and the auxiliary indicators show a dead cross at high levels, with the 7-day EMA dropping below. There remains a risk of pullback adjustments in the short term, and caution should be taken to prevent a 'door painting' market. Therefore, in the short-term approach, without a clear confirmation of support, the strategy remains to treat the market with a short bias! On Thursday evening, Bitcoin's rebound in the 82500-83000 area still leans towards shorting, with attention on the 90000-90600 area below. For Ethereum, resistance continues below 1850, and it has now broken below the 1750 line. Continuing to monitor the strength of the rebound in the evening, if it cannot stabilize above 1800 again, the main approach remains to short on rebounds, initially targeting around 1680!