$BTC Today's early morning BTC/ETH has followed the expected technical correction trend. We entered short positions at the key resistance levels of 948/1825 and profited 1200/28 points, followed by a rebound trade near 935, capturing an 800-point gain, which fully confirms the effectiveness of swing trading in the current volatile market.

Currently, Bitcoin's daily chart shows a "fragmented bearish - turning bullish - consecutive bearish" cycle. This structure is essentially a typical representation of the exhaustion of bullish momentum. After forming a long upper shadow at 95,844, the price quickly retreated, then oscillated between 93,500-94,000 with alternating bullish and bearish movements. Although the price remains high, the recent trading volume has continuously shrunk, especially after multiple failed attempts to break through the 96,000 resistance area, indicating insufficient bullish breakthrough intent. The hourly MACD histogram continues to shrink, and the RSI (57) has exited the overbought area but has not formed a bottom divergence, suggesting limited short-term rebound momentum. It is recommended to adopt range trading, which, to put it simply, means whether it’s a pullback or a rebound, just ensure enough space is provided!

Bitcoin rebounds 94500-95000 short, with a target near 93000; Ethereum around 1810-1830 short, with a target near 1750.