Last Friday, led by non-farm payrolls, there was a significant outflow from whale addresses.

Additionally, the options expiration led to a decrease in trading volume, ultimately turning a small bearish trend into a larger decline.

However, our outlook remains unchanged.

Last night's market was quite clear; Bitcoin's 10.9 is both a resistance level and a starting point for an upward trend. The key is whether it can stabilize in the morning session; if it cannot stabilize, it will be a short-term shorting point; Ethereum also has the same situation at 2580.

Therefore, today’s short position can be entered earlier, looking at a pullback towards the 2550-40 range.

A small protective attempt is advisable, with short fluctuations during the day; avoid heavy positions.