Midnight market prices fell again, and we continue to verify the continuation of the bearish trend. The market did not simply decline unilaterally but first rebounded. Bitcoin reached a maximum rebound of around 100348 in the early morning, while Ethereum rebounded to around 2219. We aligned with our bearish entry points, closely following Bitcoin around 100162 and Ethereum around 2209 to short. The market began to fluctuate and slowly decline. After the early morning price comparison fell again, Bitcoin dropped to a low of around 98115, and Ethereum fell to a low of around 2111. Our Bitcoin short position was exited when it fell to 98314, securing a space of 1848 points, while Ethereum exited at 2137, capturing 72 points. This is how trading works; in the face of market trends, one must bow and follow the trend. It is not about bowing for a handful of rice but being responsible for one's own position. Daily stable output can maximize the benefits.

Both Bitcoin and Ethereum have had three consecutive bearish candles. Last night, after the price comparison dropped to around 98115, there was a considerable rebound, with significant strength. Currently, the price comparison is fluctuating around 101000, having surpassed the resistance of 100000, but it has not crossed the previous rebound high. The market is still dominated by bears, but the volatility base is relatively large, leading to increased rebound strength. The daily chart shows a bottoming rebound pattern with elongated lower shadows. The 4-hour chart showed a large bearish candle followed by a medium bullish candle pulling back upwards, from a high of 108900 to a low of 98115, creating a step-down pattern. However, each rebound wave has broken the previous high, indicating a bearish transition. Currently, our short defense point is around 103000, which will affect our 4-hour chart downtrend. The key point to pay attention to today is the 100000 level, whether it can stabilize and rebound again. The 1-hour line is gradually rising, with some rebound space above, but combined with smaller level patterns and structures, the rebound space is limited. Therefore, in the future, we first look for a rebound before taking further short positions.

In the afternoon, Bitcoin can be shorted in the range of 101300-101800, targeting around 99500; Ethereum can be shorted in the range of 2240-2270, targeting around 2150. #加密市场回调 $BTC