Since Bitcoin's price was 108,000, it has experienced a pullback for more than half a month. In terms of operation, focusing on shorting during rebounds and high shorts is indeed more comfortable and profitable. Of course, in the past half month, during several pullbacks at low levels such as 94,000-92,500-91,500, I have also gone long multiple times.

In recent days, Bitcoin's market has been volatile, swinging up and down like a roller coaster, but ultimately, it is hard to escape the fate of decline. Even though the price has quickly rebounded below 93,000 in the past few days, each rebound does not continue and quickly settles back down. The daily and 4-hour charts show that the highs are moving down, and the lows are also declining in a volatile downward trend. Therefore, focusing on shorting during recent rebounds is the key.

Last night, I shorted around 95,700, and in the early morning, the lowest point just happened to touch below 93,200, making a profit of 2,500 points on that trade. Today, I continue to look for a continuation of the downtrend. Although the recent rebounds have been strong, they are merely spikes followed by declines, showing no strong performance; the higher prices are more obviously used for distribution. For those who have already taken profits or reduced positions on short orders last night, I suggest shorting directly near 93,700-94,000 this morning, with a stop loss at 95,000 and a target of 91,800-90,800.

If it first reaches 90,200-89,800, it is essential to go long once, with a stop loss at 89,000 and a target of 91,800-92,500.

In recent days, Ethereum has rebounded but has been held at 3,460 without breaking through. It has also not lost the 3,300 level. It is oscillating within this $100 range of 3,320-3,420. Today, I will continue to short Ethereum at 3,350-3,360, with a stop loss at 3,400 and a target of 3,280-3,220. A drop below 3,300 will accelerate downward.