The contract market is never short of opportunities; what is lacking is the patience to wait for them. Contract trading is not about predicting the future, but about responding to the present. In the cryptocurrency world, it is an endless practice: staying calm amidst volatility and decisively striking when opportunities arise. From last night until Saturday morning, the overall market formed a trend of first suppressing and then rising. After Bitcoin dipped to around 104,069, the bulls began to recover through a fluctuating rebound. In the morning, after reaching the high point of 106,173, it faced pressure again. Ethereum last night retraced to around 2,502, similarly forming a fluctuating recovery, stepping back and rebounding step by step, currently peaking at around 2,585. In the afternoon yesterday, we proposed a rebound short strategy which was realized at night, with Bitcoin around 105,300 and Ethereum around 2,555, yielding a respective profit of 1,200 points and 46 points. At midnight, the bulls began to recover, and we decisively advised to enter long positions. Bitcoin around 104,800 and Ethereum around 2,523 have also yielded considerable space this morning, respectively gaining 1,200 points and 55 points. The current trend and rhythm are relatively straightforward; reasonably controlling the timing of entry will provide good opportunities for both longs and shorts.

From the current market, we have re-entered the weekend node. Bitcoin's daily line opened positively this morning, leaving a long lower shadow. However, the mid-line of the daily level remains a critical resistance position. In a bearish trending market, a rebound is not enough to form a bullish reversal. Currently, there is temporarily no strength to form a unilateral trend, entering a phase of contracting fluctuations. The 4-hour level confirms a rebound trend line that has broken twice, which also coincides with the second low point and short-term resistance; there are still signs of further pressure. Today, we continue to pay attention to the defensive strength of the key resistance zone around 106,000 to 106,500, with secondary focus on the morning high point near 106,100. As long as there is no second recovery, we still anticipate a short-term retracement.

Operation Suggestions:

On Saturday, Bitcoin can be shorted at 106,000-105,500, targeting 104,000-103,500.

Ethereum can be shorted at 2,585-2,575, initially targeting 2,500-2,475.