Recently went out, thoughts updated from time to time, but the real situation remains unchanged. In the early stages, we provided bullish thoughts that rose as expected, but the upward momentum was lacking. Following that, a two-day pullback began, during which bulls attempted to push higher but failed, and bears inserted downward twice, with the lowest point touching 94039. Overall, the market presented a fluctuating downward trend, but with this tug-of-war between bulls and bears, some are inevitably caught in it. Borrowing a phrase from a student of practical trading, "Why go against it?" Yes, just like our main thought in trading, "Follow the trend." If unsure, patiently wait for stabilization. There's no need to stubbornly go long even after a significant drop. This is how we layout in practical trading; both bulls and bears have arrangements in these two days. When bears are strong, we directly follow the trend to short for a small gain first, focusing on securing profits. Currently, looking at the market, Bitcoin's daily line shows a large bearish candle, continuing the downward trend, with weak rebounds. After a brief correction, it is under pressure again, ultimately closing at a low position. During the day, it continued to fluctuate downwards, essentially giving back last week's rebound gains, and the closing price remains relatively low. The short-term continues a correction trend, with further downward potential in the market. However, the method of decline is not a straightforward linear drop but unfolds gradually, showing clear signs of hesitation. The smaller cycle indicates that the price is still operating within a downward channel, with yesterday's rebound correction facing resistance near 98000 and failing to stabilize. The bears are strong and expanding. In the short term, the price is supported at 94500, so attention can be given to this level. If effectively broken, we can look down to 92000. We will maintain a bearish layout for the rebound. Bitcoin 94900-95300 short, target near 92000. Ethereum 3560-3580 short, target near 3430.
