Thursday afternoon, the weakness remains, if it doesn't break, it won't establish; after the rebound, it should still be treated with a short position!

Yesterday, the early morning long position was adjusted in time to cut losses when the situation was not favorable. After breaking below 96,000, we decisively turned to short positions, and the early morning shorts also took profit as expected. Although the profit-taking level was relatively conservative, we still captured over 1,400 points of space, fulfilling our fans' expectations and achieving a manageable profit space. This is also why we have been emphasizing recently not to be stubborn; following the trend allows us to secure some profit.

After the midnight price of the currency dipped again, there has still been no significant rebound up to now, remaining under pressure below 96,000. According to market data, the continuous decline has caused a certain level of panic, leading to sell-offs that have resulted in little change in the currency price, which is in a weak rhythm. Currently, although the pace of decline has slowed, the momentum is still very weak and is in a weak consolidation pattern, which is clearly reflected in both the daily and 4-hour charts. The subsequent focus will be on the strength of any rebound; if it cannot effectively recover above 98,000, it will maintain a weak oscillating rhythm. A significant unilateral movement is unlikely, but the range trading will continue, so the short-term strategy is to continue treating it with a short position after the rebound!

On Thursday afternoon, Bitcoin continues to reference the 96,000 line to short on the rise, with support still focusing on the 91,500-92,000 area. A halt can be a short position, but be careful to hit the right levels and do not be greedy.

Regarding Ethereum, after a dip to 3,200 in the early morning, it currently provides around 100 points of rebound space. In the morning, a rebound short was suggested around 3,350, and after touching 3,355, the price started to fall back. Those holding short positions can continue to hold, with the initial target looking at around 3,250.