10.13 BTC/ETH Market Insights: Rebound, Not Reversal; Short Positions Remain the Main Theme

This past weekend, the market once again gave all participants a vivid lesson on risk. After Bitcoin plummeted on Friday, it staged a rebound over the weekend. This intense cleaning of "wiping out the long positions and then taking care of the short positions" resulted in heavy losses for countless investors who were heavily leveraged and did not use stop-losses. **Core Reminder**: In today’s highly volatile market, strict position management and stop-losses are your only guarantee to stay in the game.

1. Core Market Analysis

1. Bitcoin (BTC): Rebound? It's too early to tell.
Although the weekly K line shows a long lower shadow, indicating that there is buying support around **101,516 dollars, a single pin bottom cannot directly be determined as a trend reversal.
The key test at the daily level lies in whether it can effectively stand firm against the middle track pressure. As long as it has not effectively broken through the previous level, it is still viewed as a technical rebound after an oversold condition, and the bearish forces have not been completely dismantled.
The key intraday resistance levels are around $115,800 and $116,800, with the latter resonating with the strong resistance zone of $116,000 observed by the community, serving as the dividing line of strength and weakness for today.

2. Ethereum (ETH): Strong rebound, but the risk of chasing long positions is high.
The Ethereum trend is relatively strong, having rebounded more than 8% yesterday, but precisely because of this, it is approaching a key resistance zone.
$4,200 is the recent key resistance, with stronger resistance at the $4,270 level. Before the market forms an effective breakthrough, the risk of blindly chasing the market is very high. Some institutional views suggest that this pullback is a healthy consolidation process, and there has not been a structural change in the market.

2. Key Level Layout

| Currency | Resistance Level | | Support Level | |
| :--- | :--- | :--- | :--- | :--- |
| **BTC** | 115,800 | **116,800** | 114,000 | 112,800 / 111,700 |
| **ETH** | 4,200 | **4,270** | 4,100 / 4,030 | 3,950 |

3. Intraday Trading Strategy

BTC: It is recommended to gradually place short positions in the resistance range of $115,800 - $116,800, with a stop loss set above $117,200 and a target looking down at $114,000 and $112,800.
ETH: It is recommended to gradually open short positions in the 4,200 - 4,270 USD range, with a stop loss set above 4,300 USD, targeting 4,100 - 4,030 USD, and if it breaks down, it could be seen at 3,950 USD.
4. Final Summary and Reminders
In summary, although the current market sentiment has improved due to the Rebound, the pattern of "sharp declines and slow rises" still aligns with the characteristics of major players offloading. Before the price can effectively break through and stabilize above the key resistance level, our core strategy remains unchanged: focus on short positions while cautiously pursuing long positions.