The midnight shorts began to take action first, forming a W-shaped trend. After such a significant rise and a high-level decline yesterday, we only captured some short positions last night and did not hold them for too long. Subsequently, this morning we bottom-fished around 92,000 and caught a rebound, gaining nearly 700 points in space, and the current price of the coin is around 92,700.

In terms of the current trend, the afternoon session will not be as stagnant as yesterday, where it was a long wait until the early hours erupted; that would be too much. Given the current rebound strength of the bulls, there hasn't been a substantial breakthrough for a rise. We can view this as a price adjustment, but the overall direction still belongs to the bears, so we will continue to take high short positions this afternoon. #MicroStrategy增持BTC $BTC $ETH

Bitcoin strategy: Short around 93,000-93,500, target 90,000

Ethereum strategy: Short around 3,360-3,390, target 3,250