First, the Bitcoin short positions from last night and this morning achieved a short-term target of over 3000 points, with Ethereum gaining over 100 points. This is the conventional short-term target range set by Lao Xiao. It is time to reduce positions where necessary, securely close positions, and wait for the next opportunity. Those holding medium to long-term positions between 108600-108800 can still hold without making changes.

For short-term trading, pay attention to the support zone around 105200-104800. Of course, near this support level, I do not recommend directly chasing shorts. Additionally, be aware that after a continuous decline in the Asian and European sessions, there may be a rebound in the US session.

Ethereum's drop was a leading decline, so when Bitcoin drops again in the afternoon, Ethereum did not break the low point of the morning. I've also mentioned the support at 2520-2500. Once close to this level, it becomes a bit difficult for Ethereum to drop further. It is not advisable to short at any location blindly, but one can take short positions while also looking for some key support levels for short-term rebounds.

In summary, after yesterday's daily line rebound without a strong breakout, it has dropped down again today. The daily MACD death cross has failed to reverse upward, so the general direction is to focus on shorting during rebounds, with additional positions as a supplement.