At midnight, Bitcoin rebounded strongly to a high of 59794 and then continued to pull back under pressure. The current short-selling strategy after the rebound is being steadily implemented. Ethereum was also blocked at a high of 2554, and then entered a falling track. During the midnight period, the market experienced a brief decline, but encountered strong resistance near the 58000 mark, and effectively resisted the short-selling offensive many times. This support level not only highlights the market's resilience, but also witnesses the gathering of buying power below. From a technical perspective, 58000 is a recent key support, but its stability has been broken twice. Multiple breakthroughs indicate that the effect of this position is weakening. In the short trend, the upward path is still full of thorns, such as 60500 and other resistance levels are ready to go, which may become a stumbling block for the market breakthrough. In this context, it is still a wise choice to maintain a short-selling strategy after the rebound.
In terms of specific operations, it is recommended that during the early trading session on Thursday, if Bitcoin reaches around 59,500, short positions can be decisively established, with the target locked in the 58,000 to 57,000 range;
Similarly, Ethereum can also execute short positions around 2,540, with the target focusing on the 2,450 to 2,400 range.
