After experiencing a sharp decline last night, Bitcoin dropped from a high of 99000 to form support around 92600, starting to rebound. This downward move had nearly a 6000+ point range, while Ethereum barely moved, only showing around 100 points of fluctuation. We adjusted our strategy in time last night; the intention was to catch the bottom and go long, but unfortunately after being stopped out on our long positions, we reversed and shorted, only capturing a space of a little over 1500 points. Currently, the price comparison is around 94200.

From the current trend, the selling pressure continues to decrease, and the bulls are starting to gradually gain strength. After experiencing a significant drop yesterday, there is bound to be a recovery in price this morning, but the magnitude is not expected to be substantial, and breaking 95000 will be difficult. Therefore, the bears still dominate, and we can wait for a price rise this morning before considering shorting.

Bitcoin strategy: Short around 94500, target 93000

Ethereum strategy: Short around 3480, target 3400