The current structure is still in a bearish pattern. After a night of running-in, the market has not given an effective rebound. In the case of weak rebound, the bearish trend will continue.

In the daily trend, the K-line gave a small positive repair after a continuous negative decline and then closed again. So a single negative and a single positive are not a trend. The short-term positive line was quickly ended by the negative line, so the rebound did not form an effective action, which means that the bearish trend is still good.

In the previous decline in the four-hour chart, it also extended downward along the lower track of the Bollinger band. After the short-term rebounded to the middle track, it fell again under pressure. Therefore, there is no change in the overall structure, and it is still dominated by bears. So in terms of operation, we still keep the bearish thinking unchanged and treat it as a rebound shorting idea!

On Thursday morning, it is recommended to short the big cake near 61500, and the target is 59500-59000.

On Thursday morning, it is recommended to short Ethereum near 3440, and the target is 3300-3250. #BTC☀