The nights you've endured, the dips you've borne, and the positions you've held will ultimately blossom in the bull market. Trust the trend, believe in yourself, the crypto world never lacks opportunities, only those who persist until the end. After Bitcoin briefly dipped to around 86,034 in the morning and then quickly rebounded, the current price is oscillating around 87,500; Ethereum dipped to a low of 2,784 and then bottomed out and rebounded, now fluctuating around the 2,860 range. Our precise early morning long positions on Shí Pán have all been successfully closed with profits! Profits are never accidental; choosing the right direction, timing accurately, and seizing every opportunity the market offers will naturally lead to success.

From a 4-hour perspective, Bitcoin currently shows a clear short-term bearish trend. After reaching a high of 91,180 earlier, the upward momentum weakened significantly, and the market shifted into a sideways decline pattern. The price highs are gradually decreasing, lows are continuously being refreshed, forming a clear downward channel, indicating that the bearish force dominates and the market rhythm is controlled by the bears. Recently, the trend has accelerated downward, with consecutive large bearish candles breaking through previous support levels, further confirming and strengthening the short-term downtrend. Although there is a brief rebound, the overall remains a weak correction after a decline. The rebound's bullish candles are significantly smaller than the previous large bearish candles, showing insufficient bullish momentum, and the price remains under pressure from the middle band of the Bollinger Bands, unable to recover key levels effectively. The overhead selling pressure remains heavy. From a structural perspective, if the price cannot effectively break through the resistance zone of 88,000-89,000, it is highly likely to continue downward, further test and break previous lows, opening up deeper correction space.

Therefore, in future operations, it is recommended to mainly consider short positions on rebounds at higher levels.

Trading suggestions:
Bitcoin: Short around 88,500, target 86,000
Ethereum: Short around 2,900, target 2,700