No signs of a bottom yet; rebounds should still be treated with caution!

Last night's rollercoaster market left people feeling disoriented, which is why Zhongliang emphasizes reducing positions in batches and protecting capital losses. Today's strategy remains focused on short positions, although short-term long positions can also be pursued.

Bitcoin's daily chart closed with a bearish candle, forming an inverted shadow. The KDJ indicator continues to show a death cross and is moving downward, with the middle and lower bands opening downward. On the 4-hour chart, after briefly breaking the middle band resistance at midnight, it has pulled back. This morning, it briefly broke through the lower band support and is currently rebounding, with prices oscillating around the lower band support area. The MACD has not yet shown a bearish contraction, and the KDJ remains in a downward death cross. On the hourly chart, there is demand for a rebound, but it is currently also under pressure from the middle band resistance.

Overall, there are still no signs of a bottom forming, and no base-building signals have emerged. The focus should be on short positions, with upper pressure levels referenced at 93500 and 94200, followed by 96000 and 99500. Bulls need to push up to 100,000, and these resistance areas need to be broken one by one. Below, support levels to watch are 91500 and 90500. If the 90,000 threshold is breached, a new significant pullback will begin. Avoid excessive speculation and predictions; focus on intraday short positions and adapt as the market unfolds! Bitcoin is bearish; short positions are advised, but avoid chasing shorts directly around 92000!

For intraday trading, short at 93500 and 94200, targeting 92500, 91500, and 90500.

Ethereum is currently oscillating and correcting around 3340. The oscillation range is between the upper and lower bands on the 4-hour chart. The strategy is to rely on the upper band resistance at 3420 to initiate shorts, targeting 3380 and 3320.

The above is only personal opinion; investment carries risks, and caution is advised when entering the market. #2025比特币价格预测 $BTC