No signs of a bottom yet, rebounds should still be approached with caution!

Last night's rollercoaster market left people feeling a bit confused, which is why Zhong Liang emphasizes reducing positions in batches and switching to a capital-preservation strategy. Today's approach remains focused on short positions, although short-term longs can also be considered.

Bitcoin's daily chart closed with a bearish candle, showing upper and lower shadows. The KDJ indicator continues to show a death cross and is moving downwards, with the middle and lower bands opening downwards. On the 4-hour chart, after a false break of the middle band resistance, the price retraced. This morning, a false break of the lower band support led to a rebound, and currently, the price is oscillating and adjusting around the lower band support. The MACD has not yet shown a decrease in bearish momentum, and the KDJ remains in a downward death cross. From the hourly chart, there is a demand for a rebound, but it is currently also under pressure from the middle band.

Overall, there are still no signs of a bottom forming below, nor any signs of a support level being established. The main strategy is to focus on short positions, with resistance levels to monitor at 93500 and 94200, followed by 96000 and 99500. For bulls to make a comeback towards 100,000, these resistance areas must be broken one by one. Support levels to watch below are 91500 and 90500. If the 90,000 level is breached, a new major retracement will begin. Not to speculate excessively or predict the market, but to engage in short-term trading while observing the market! Bearish outlook on Bitcoin, shorting is appropriate, but do not chase shorts, and do not directly short near 92000!

Today, short at 93500 and 94200, targeting lower at 92500, 91500, and 90500.

Ethereum is currently oscillating and adjusting 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 short, targeting lower at 3380 and 3320.

The above is only my personal opinion; investing carries risks, and one should be cautious when entering the market. #2025比特币价格预测 $BTC