In the morning, the market surged to a high of 61,900 before facing resistance and pulling back, consecutively forming large bearish candles and initiating a deep decline. During the session, bulls and bears alternated slightly, with lows continuously being refreshed. In the afternoon, the bearish momentum weakened, and the market began a continuous rebound and correction trend, with bullish candles gradually lifting prices and recovering part of the decline, overall showing a pattern of a surge, followed by a fall, then a rebound and correction. From the current technical structure, after the price surged and faced resistance earlier, it experienced a sharp decline, with the lowest point around 61,000 before a slight rebound. In the afternoon, the market continued to close higher, attempting to recover, but faced clear resistance at the 61,500 level. This rebound is only a technical correction after a significant drop and does not indicate a bullish reversal. The 61,500 level forms a short-term strong resistance zone. During the rebound, the bulls lacked sufficient momentum, and each upward move lacked sustained volume support. The overall main framework remains a bearish trend dominated by a surge followed by a retreat. The correction does not change the downward main line; every rebound near resistance levels will encounter selling pressure. In the afternoon, short-term trading can follow the rebound resistance levels, with a direct entry into short positions at the current price of 61,600. In the afternoon, it is recommended to short around 61,900-62,400 for Bitcoin, with a target near 60,700. For Ethereum, short at 1650-1670, with a target near 1600.

#BlackRockReducesBTCIncreasesETH According to on-chain tracking services, BlackRock-linked wallets reduced their Bitcoin position by approximately 3,671 BTC ($230 million) while increasing their Ethereum holdings by approximately 10,566 ETH ($17.7 million). However, wallet movements alone don't always indicate a directional investment decision; they can also reflect custody, ETF creation/repurchase, or internal transfers. * BlackRock's spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has recently experienced significant outflows, with reports indicating withdrawals of approximately $1.3-1.4 billion in a single week. * During the same period, various reports indicated stronger demand for spot Ethereum ETFs compared to Bitcoin products, with ETH funds attracting new capital and Bitcoin ETFs experiencing buybacks. So what can be said? There is evidence of: * Bitcoin ETF outflows. * Relative improvement in Ethereum ETF demand. * Some institutional investors are reducing their BTC positions while increasing their ETH positions. So what can't be definitively concluded? That institutions are generally abandoning Bitcoin and moving to Ethereum. The reported BTC decrease ($230 million) is much larger than the ETH purchase ($17.7 million); meaning the data doesn't show a one-to-one capital rotation from BTC to ETH. A large portion of the capital may have been completely withdrawn from crypto positions, cashed out, or reallocated elsewhere. Recent ETF flow and on-chain data show that while some institutional capital is reducing its Bitcoin positions, Ethereum is attracting relatively stronger inflows. This points to a possible short-term rotation towards ETH, but it's not definitive proof of a widespread institutional shift from Bitcoin to Ethereum. The key signal for investors is usually not the wallet transfer itself, but whether Ethereum ETF inflows continue to outperform Bitcoin ETF inflows. A week's worth of data may indicate the beginning of a trend, but it does not confirm a long-term regime change. $GT ‌$ETH ‌

Extra! Extra! Short position profit report! At 8:00 a.m., our provided short position strategy clearly outlined the trading approach. We recommended everyone to short around 61,900. Our real trading setup was also entered at 61,800 at the same time. When the price came to around 61,200 in the afternoon, we took profits and exited. The midday low dropped to 61,100. We originally wanted to see whether it would fall to below 60,000, so we could maximize short position gains, but the move didn’t go as hoped. To prevent profits from giving back, we ultimately secured nearly 600 points in short position profit. Today’s layout is also another small win. Today’s short position profit may not be big, but in this choppy and weak market, our strategy is still solid, and the direction is completely right. The most valuable thing in trading is not just taking a big bite of profit in one go—it’s taking each step steadily. As long as the direction is correct and you can lock in profits, even if the profit isn’t much, it’s still a real victory. Small gains add up—steady progress is the safest way forward.