Yesterday, BTC declined all the way down, reaching a low point around 92500 in the early morning. Previously, Si Lu indicated the range around 96300 for entry and exit points, which were provided, and the price movement perfectly matched expectations, with the short position idea being validated as expected.

Currently, the overall market is in a high-level correction pattern. On the 4-hour timeframe, the price continues to show a stepwise decline, with each drop accompanied by a certain degree of rebound. Therefore, in the short term, we can first look for a rebound, and when confirming the high point of the rebound, we can choose an entry position based on the pattern to follow up with the orange strategy. In terms of future operations, Si Lu remains unchanged; a rebound is the strategy!

Trading Suggestions

BTC rebound around 95600-96100, looking down to 93800-92300; if broken, look down to 90800.

ETH rebound around 3470-3500, looking down to 3350-3300.