Good morning everyone, yesterday morning, Bowen pointed out that the downward trend of Bitcoin had not yet completed by yesterday morning. We saw a rebound in the market this morning, but the rebound was relatively weak, followed by another downtrend until the early morning. So can the rebound start today?

Due to the timing of the downtrend initiation of Ether and Bitcoin on the 7th not being perfectly synchronized, Ether extended yesterday, reaching early morning today. Currently, the downward phase is basically coming to an end, and it is expected that a rebound pattern may emerge during the daytime today. The short-term rebound pressure for Bitcoin is mainly between 96500-99000, focusing on the strength and shape of the rebound. It cannot be said that the target has been reached; pressure needs to be broken through one by one. It is expected that the rebound will last until the evening, and reaching around 97500 should not be a problem, though the process will be relatively volatile. If you want to layout the volatility, you can sell high and buy low. The first time it touches 97500-96500, it is still possible to short for a bit. The pullback and rebound will continue, and of course, once the rebound is completed, it can continue.