Last night's market trend explored the previous low as expected, with a minimum drop to the 98115 area stabilizing, a decline of nearly 5000 points. It then rebounded quickly, reaching a peak of 10988 for a brief moment. The short-term rebound has recovered more than half of the drop, showing considerable strength. Our bearish rhythm prediction has once again been accurately fulfilled, providing ample opportunities for continuation, and the current price short position at 99489 has also been directly reached. Ethereum has also synchronized with a rebound at 2111, currently returning to around 2227, showing significant recovery.

From the current trend, the four-hour line has shown a strong bullish candlestick with high volume recovery, closing with a long lower shadow, indicating effective short-term support below. On the hourly line, the large bullish candlestick this morning was strong, but it has encountered resistance near the mid-line pressure, showing slight retracement, reflecting that selling pressure still exists above. Overall, the current structure has not effectively broken through the mid-line resistance; the rebound is still a technical correction, and the trend has not completely strengthened. If it cannot stabilize in the 101300-102000 area, it will still return to oscillate within the downward channel. Ethereum has a synchronized structure, with the rebound facing resistance at the mid-line, and a short-term tendency to oscillate near the upper side.

Bitcoin short at 101300-101800, looking at around 99700.

Ethereum short at 2200-2210, looking at around 2270.