Saturday Morning Market Analysis and Recommendations

As the weekend approaches, the market shows signs of fatigue, with a trend becoming increasingly dull. Yesterday's price action was quite dramatic, resembling a roller coaster, as both bulls and bears engaged in a tug-of-war. We responded flexibly, initially taking long positions before switching to short, thereby extending our winning streak and bringing sustained and stable gains to our strategy.

In the current market, after a surge, prices have retraced to lower levels and entered a consolidation phase, with the overall main theme still appearing weak. Therefore, when participating in the market, we should continue to adhere to a high short strategy.

From a technical structure perspective, the daily chart has shown a continuous downward trend in bearish candles, making the short-term market outlook not optimistic. Although yesterday there was a temporary upward movement influenced by favorable non-farm payroll news, we must recognize that the stimulation from news is often short-lived, and the market will ultimately return to the constraints of technical structure. In a weak market, any rebound should be viewed as an opportunity to execute a high short strategy. At the same time, from the perspective of smaller cycles, the market has shown signs of a rebound after a round of decline, so when participating, we can adopt a flexible strategy of going long first and then shorting.

Saturday Morning Recommendations

Short Bitcoin around 69800-70000, with a target focus on 69000-68500

Short Ethereum at 2530-2550, with a target focus on the 2450-2400 range.