A new day, a new beginning. Time flies and it's already Friday. The overall performance of the cryptocurrency market this week has been quite remarkable. Bitcoin has dropped more than 10,000 points in three days, while Ethereum has seen a drop of 500 points. This is the trend, and we have repeatedly indicated the need to short. We have emphasized countless times to short at the current price. In a weak momentum rhythm, one should directly short without waiting. This is the reason many people miss out. In the early hours, Bitcoin once again showed a new low, dropping to around 91,000, providing a rebound. It is currently slowly recovering, but the momentum is still relatively weak. Since Monday, Bitcoin has dropped nearly 20,000 points and Ethereum over 760 points, basically experiencing a steep decline! #BTC☀ #ETH🔥🔥🔥🔥🔥🔥

The movements in the early hours were still significant. After a short-term spike, it stabilized again. For this kind of rhythm, as I said before, the extreme rhythm allows for a large space, and sudden spikes are also relatively normal. After all, the force, amplitude, and speed of the pullback are slightly fast, and merely the time correction already seems a bit weak. Currently, it appears that after finding a bottom, it has started to recover. I personally believe that the possibility of another retreat in the short term is not a matter of the moment, as the recovery on the short line has just begun. From the perspective of a smaller cycle, the early morning spike confirmed support, and there may be a rebound during the day followed by a retest to confirm support again. Therefore, the thinking remains unchanged: first look for a rebound, then look for a retest.

Bitcoin is fluctuating around 93,500-94,000, with an expected target of 91,000. Ethereum is fluctuating around 3,240-3,260, with an expected target of 3,150.