This month is nearing its end, and a new week is upon us. This week is also the last week of the month, and Lao Gao's new round of layout has already begun. Reflecting on the market from midnight to the early hours, it once again aligns with the ideas we provided in advance. After Bitcoin rebounded to the 100348 line high, the bears continued to form, and the low was refreshed to 98115 during the early morning. Currently, there is a trend of recovery after hitting the low in the morning, and the overall movement of first declining and then recovering is in line with expectations. After Ethereum rebounded to the 2219 line at midnight, it continued to explore the bottom in the early hours, with the lowest point touching the 2111 line before stopping and recovering. All the rebound short ideas provided by Lao Gao at midnight have been fully realized.
Currently, after a certain degree of rebound at the 4-hour level, there has been almost no consolidation time during this round of decline. This rebound is considered a normal correction, and the probability of restoring the bullish trend is low. A rebound does not mean a reversal, and there is still a downward expectation at present, with the short-term still being bear-dominated. The current rhythm is to continue the bear trend after the rebound correction. The price has not yet shown clear signs of bottom construction. Establishing a bottom usually requires a long period of consolidation to exhaust the downward force or a rapid rise with almost no pullback, characterized by gradually ascending highs and steadily rising lows. Therefore, subsequent layouts should continue to focus on the evolution of the bear trend. During the day, the main focus is on the bears, while short-term rebounds can also provide good opportunities, mainly focusing on the evening and midnight trading.
Operational suggestions:
On Monday morning, Bitcoin can be shorted around 101000-101500, with a target focus on 99000-98000.
Ethereum can be shorted at 2250-2260, with a target focus on 2150-2100.
