Friday, after a weak downward trend, the rebound lacks strength, and the morning rebound continues to sell short!

Yesterday, Bitcoin weakly declined to the 95200 area before giving a slight rebound. After rising to the 96600 area, it fell again. After the adjustment in the early morning, the price did not show much volatility, currently fluctuating in the 95800 area. After a significant drop in the flat surface, the rebound strength is gradually weakening, maintaining a low position.

On the daily chart, the previous large upward movement was suppressed by the mid-line and closed with a large downward candle, followed by a slight rebound, but the strength was small. Continuous bearish pressure has resulted in the price oscillating at a low level, with moving averages continuously moving down. The MACD has formed a death cross and is diverging downward, indicating a potential continuation. In the short term, we can continue to pay attention to the continuation of the bearish movements. On the 4-hour chart, after the K-line broke the mid-line support, the price closed below it, and there is still some space below. In the short term, I do not expect much of a rebound; the strategy is to short on the rebound.

In the morning, Bitcoin is short around the 96200-96500 area, with the first target at around 95000, and if it breaks below, look to 94000. If it does not break, reverse to long.

Ethereum is short around the 3360-3370 area, with the target focusing on the 3280-3250 area.

No matter how the market changes, one must not lose direction. Even if the world is unpredictable, one must not be confused. If you can't understand the trend and can't manage it well, let's charge together!