Reviewing the morning market trend, Bitcoin surged strongly from the low of 116000 to the high of 117865 before facing pressure and falling back, ultimately failing to stabilize. It then continued to decline to around 116834. Ethereum's morning market trend synchronized with Bitcoin, initially showing a slight rebound at the 4577 level, peaking at around 4642 but failing to hold, and then declined to near 4550. In the morning, we positioned short for Bitcoin and Ethereum, with Ethereum currently taking profits, while Bitcoin is still held for profit.

From the current market perspective, on the hourly chart, Bitcoin has faced continuous pressure and declined after reaching a high point. The price has now dropped back below the upper Bollinger Band and is maintaining a weak trend. Although the downward momentum has paused after testing the support below, the bearish momentum has not been fully released. The current consolidation is merely a technical correction in the downward process; what is referred to as a 'rebound' is actually a trap for buyers and is unlikely to last. Although the price once approached the upper Bollinger Band, the moving average system is weak on the upside; what is called a 'turn' is just a brief fluctuation and does not have a foundation for a trend reversal. Market sentiment has not truly turned positive; the short-term fluctuations are precisely providing conditions for short sellers to accumulate strength. The larger trend remains dominated by a downward movement, and any upward rebound presents an opportunity to short at a high. Operationally, decisively utilize rebound signals to enter short positions, with a focus on the performance of resistance areas; a rebound is an opportunity to short.

In the afternoon, Bitcoin is positioned for short around the range of 117300-117800, with a target focus on near 116000.

In the afternoon, Ethereum is positioned for short around the range of 4630-4660, with a target focus on near 4500. #美联储重启降息步伐 #美国讨论BTC战略储备 $BTC